Common use of PRELIMINARY STATEMENT Clause in Contracts

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. DESIGNATION Uncertificated Initial Uncertificated Latest REMIC I Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) Pass-Through Rate REMIC I Regular Interest V 4.10% $15,000,000.00 April 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.002018 REMIC I Regular Interest W 4.25% $ 25,000 $1 Class A-R(1) $ 100 6.0010,108,000.00 April 25, 2018 REMIC I Regular Interest X 8.00% $ 100 N/A Class 2-A-1 $ 92,906,000 $7,027,000.00 April 25, 2018 REMIC I Regular Interest Y 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00170,373,642.72 April 25, 2018 REMIC I Regular Interest Z 0.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-365,219.24 April 25, 2018 REMIC I IO Regular Interests (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1April 25, 2018 ___________________

PRELIMINARY STATEMENT. The Depositor is intends to sell commercial mortgage pass-through certificates (collectively, the owner "Certificates"), to be issued hereunder in multiple classes (each, a "Class"), which in the aggregate will evidence the entire beneficial ownership interest in the trust fund (the "Trust Fund") to be created hereunder, the primary assets of which will be a pool of multifamily and mobile home community mortgage loans (the "Mortgage Loans"). As provided herein, the Servicer shall elect or shall cause an election to be made that each of the Trust Fund that is hereby conveyed to Upper-Tier REMIC and the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund Lower-Tier REMIC be treated for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund as a real estate mortgage investment conduit (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the a "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date). The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations pass-through rate (the "Pass-Through Rate"), the aggregate initial principal amount (the "Original Certificate Balance") or Notional Amount ("Original Notional Amount"), as applicable, and integral multiples in excess thereof in which such Classes shall be issuable the initial ratings given each Class by the Rating Agencies (except that one Certificate of the "Original Ratings") for each Class of Certificates may be issued comprising the interests in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSthe Upper-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Tier REMIC created hereunder: UPPER-TIER REMIC Original Class Original Rating Designation Pass-Through Rate Certificate Balance ___ /___ 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 ) ----------- ----------------- ------------------- ----------- Class A-R(1) $ 100 6.00% $ 100 N/A [A-1] Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 [A-2] Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 [B] Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 [C] Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 [D] Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 [E] Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 [F] Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 [G] Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 [H] Class 6-A-IO (2) 6.00% $ 100,000 $1 [X] Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X [R] None (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1)

PRELIMINARY STATEMENT. The Depositor is Company intends to sell mortgage asset-backed pass-through certificates (collectively, the owner "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund that is hereby conveyed Fund, and subject to this Agreement (including the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create Mortgage Loans), as three real estate mortgage investment conduits (each, a trust for the benefit of the Certificateholders. The Trust Fund "REMIC") for federal income tax purposes will consist of two REMICspurposes. The Lower-Tier REMIC will consist of all terms and provisions of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account) Standard Terms, the terms and will be evidenced by provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein shall have the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" meanings set forth in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMICStandard Terms. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist Pooling and Servicing Agreement shall be dated as of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" date of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Datethis Series Supplement. The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of certain features for each Class of Certificates may be issued comprising the interests in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSthe Trust Fund created hereunder. Designation Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Through Aggregate Features(1) Maturity Fitch/ Minimum Rate Initial Date ▇▇▇▇▇'▇/S&P Denomina- Certificate tions(2) Principal Balance ----------- ------ ------------ ------------ ------------ Class 1------------------ -------- ---------- -------------- I-A-1 $ 228,683,000 5.25% Senior/Fixed Rate September AAA/Aaa/NA $25,000.00 125,510,000.00 25, 2020 II-A-1 6.00% $ 25,000 Senior/Fixed Rate September AAA/NA/AAA $1 Class A25,000.00 115,613,000.00 25, 2035 III-R(1) $ 100 A-1 6.00% $ 100 NSenior/A Class 2Super September AAA/NA/AAA $25,000.00 220,000,000.00 Senior/Fixed Rate 25, 2035 III-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 A-2 6.00% $ 25,000 Senior/Senior September AAA/NA/AAA $1 Class 625,000.00 10,000,000.00 Support/Fixed Rate 25, 2035 III-A-2 $ 7,778,000 A-3 6.00% $ 25,000 Senior/Fixed Rate September AAA/NA/AAA $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 625,000.00 104,601,000.00 25, 2035 I-A-IO (2) 6.00P 0.00% $ 100,000 Senior/Principal September AAA/Aaa/NA $1 Class 625,000.00 1,302,649.20 Only 25, 2020 I-A-PO $ 86,960 (3V Variable 0.00 Senior//Interest September AAA/Aaa/NA $2,000,000.00 Rate(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15Only/Variable Rate 25, 2020 II-A-X (4) 6.00P 0.00% $ 100,000 Senior/Principal September AAA/NA/AAA $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 3025,000.00 7,998,673.73 Only 25, 2035 II-A-X (6V Variable 0.00 Senior//Interest September AAA/NA/AAA $2,000,000.00 Rate(4) 6.50Only/Variable Rate 25, 2035 Class R-I 5.25% $ 25,000 $1 100.00 Senior/Residual/FixedSeptember AAA/Aaa/NA 75 Rate 25, 2020 Class 30R-PO $ 1,924,413 (7) $ 25,000 II 6.00% $1 50.00 Senior/Residual/FixedSeptember AAA/NA/AAA 5 Rate 25, 2035 Class R-III 6.00% $50.00 Senior/Residual/FixedSeptember AAA/NA/AAA 5 Rate 25, 2035 Class I-M-1 5.25% Mezzanine/Fixed September AA/NA/NA $25,000.00 $2,881,400.00 Rate 25, 2020 Class I-M-2 5.25% $327,400.00 Mezzanine/Fixed September A/NA/NA $250,000.00 Rate 25, 2020 Class I-M-3 5.25% $392,900.00 Mezzanine/Fixed September BBB/NA/NA $250,000.00 Rate 25, 2020 Class 6.00% Mezzanine/Fixed September NA/NA/AA $25,000.00 II-M-1 $11,637,900.00 Rate 25, 2035 Class 6.00% Mezzanine/Fixed September NA/NA/A $250,000.00 II-M-2 $5,333,700.00 Rate 25, 2035 Class 6.00% Mezzanine/Fixed September NA/NA/BBB $250,000.00 II-M-3 $2,909,300.00 Rate 25, 2035 Class I-B-1 $ 15,884,000 (8) $ 25,000 5.25% $1 196,400.00 Subordinate/Fixed September BB/NA/NA 2 Rate 25, 2020 Class I-B-2 $ 7,220,000 (8) $ 25,000 5.25% $1 130,900.00 Subordinate/Fixed September B/NA/NA 2 Rate 25, 2020 Class I-B-3 $ 4,332,000 (8) $ 25,000 5.25% $1 196,455.55 Subordinate/Fixed September NA/NA/NA 2 Rate 25, 2020 Class B-4 $ 2,311,000 (8) $ 25,000 6.00% Subordinate/Fixed September NA/NA/BB $1 250,000.00 II-B-1 $2,909,300.00 Rate 25, 2035 Class B-5 $ 2,599,000 (8) $ 25,000 6.00% Subordinate/Fixed September NA/NA/B $1 250,000.00 II-B-2 $2,182,000.00 Rate 25, 2035 Class B-6 $ 2,312,102 (8) $ 25,000 6.00% Subordinate/Fixed September NA/NA/NA $1250,000.00 II-B-3 $1,697,095.41 Rate 25, 2035

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as five real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC," the "Lower-Tier REMIC will consist of all of REMIC," the assets constituting "Group 7 Upper-Tier REMIC" and the Trust Fund "Group 7 Lower-Tier REMIC," respectively, and each a "REMIC"). The Certificates (other than the Class 3-A-R, Class 3-A-MR, Class 3-A-LR, Class 7-CE, Class 7-R and Class 7-LR Certificates and the Group 7 Certificates) shall constitute "regular interests" in the Upper-Tier REMIC. The Group 7 Certificates (exclusive of the right of such Certificates to receive Cap Carryover Amounts) and the Class 7-CE Certificates shall constitute "regular interests" in the Group 7 Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Uncertificated Group 7 Lower-Tier Interests shall constitute the "regular interests" in the Group 7 Lower-Tier REMIC. The Class 3-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 3-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC, the Class 3-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold , the LowerClass 7-Tier REMIC Regular Interests. The R Certificate shall be the "residual interest" in the Group 7 Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as 7-LR Certificate shall be the single "residual interest" of in the UpperGroup 7 Lower-Tier REMIC. The portion of the Trust Estate consisting of the Reserve Account, the Yield Maintenance Agreements, the rights of the Group 7 Certificates to receive Cap Carryover Amounts and the obligation of the Class 7-CE Certificates to pay Cap Carryover Amounts shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates, the Uncertificated Middle-Tier Interests, the Uncertificated Lower-Tier Interests and the Uncertificated Group 7 Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: ============== ============================= ============== ==================== ================= Integral Minimum Multiples Initial Class Certificate Pass-Through Denomination/ in Excess Classes Balance or Notional Amount Rate Percentage Interest of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Minimum -------------- ----------------------------- -------------- -------------------- ----------------- Class 1-A-1 $ 228,683,000 6.00% $ $40,000,000 (1) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 1-A-2 $82,430,000 (1) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 1-X-1 $40,000,000 (2) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class A1-R(1X-2 $82,430,000 (3) $ 100 6.00% $ 100 N/A $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $44,903,500 (4) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 2-A-2 $44,903,500 (5) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-A-1 $ 58,512,000 7.00% $ $20,000,000 (6) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-A-2 $133,825,000 (6) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-A-R $50 (7) $50 N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-A-MR $25 (7) $25 N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-A-LR $25 (7) $25 N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-X-1 $20,000,000 (8) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 3-X-2 $133,825,000 (9) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 4-A-1 $ 62,561,000 6.50% $ $40,000,000 (10) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 4-A-2 $50,455,000 (10) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 4-X-1 $40,000,000 (11) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 4-X-2 $50,455,000 (12) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $107,009,000 (13) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-A-1 $ 30,282,000 6.00$91,563,000 (14) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-X-1 $91,563,000 0.950% $ $25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-A-1 $ 39,023,000 7.00% $ $145,872,000 (15) $1,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-CE (16) (16) N/A N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-R N/A N/A N/A N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-LR N/A N/A N/A N/A -------------- ----------------------------- -------------- -------------------- ----------------- Class CB-1 $4,095,000 (17) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 15-A-X CB-2 $1,881,000 (417) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 30-PO $ 1,924,413 CB-3 $886,000 (717) $ $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-1 $ 15,884,000 CB-4 $996,000 (8) $ 17) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-2 $ 7,220,000 CB-5 $774,000 (8) $ 17) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-3 $ 4,332,000 CB-6 $443,341 (8) $ 17) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-4 $ 2,311,000 DB-1 $13,751,000 (8) $ 18) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-5 $ 2,599,000 DB-2 $4,144,000 (8) $ 18) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class B-6 $ 2,312,102 DB-3 $2,260,000 (8) $ 18) $25,000 $11 -------------- ----------------------------- -------------- -------------------- ----------------- Class DB-4 $2,261,000 (18) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class DB-5 $1,883,000 (18) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class DB-6 $1,130,888 (18) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-1 $2,369,000 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-2 $1,679,000 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-3 $938,000 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-4 $1,184,000 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-5 $592,000 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 6-B-6 $395,880 (19) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-M-1 $4,981,000 (15) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-M-2 $3,637,000 (15) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- Class 7-M-3 $2,767,000 (15) $25,000 $1 -------------- ----------------------------- -------------- -------------------- ----------------- ------------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The definition of Trust Fund is being conveyed Fund, and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund), as a trust for real estate mortgage investment conduit (the benefit of the Certificateholders. The Trust Fund "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Lower-Tier Uncertificated REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC II Regular Interests and proceeds thereof in the Distribution Account and Z will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as the single "residual interest" of the UpperR-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby II Certificates will be the Latest Possible Maturity Datesole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests Z. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of certain features for each Class of Certificates may be issued comprising the interests in a different amount): the Trust Fund created hereunder. AGGREGATE INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES CERTIFICATE MOODY'S/ DESIGNATION RATE BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ FEATURES(1) DATE POOR'S/FITCH DENOMINATIONS(2) Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 35,058,000 Senior/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-2(3) 6.00% $2,942,000 Senior/Retail/Fixed Rate February 2037 NA/AAA/AAA $1,000.00 Class A-3 6.00% $50,000,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-4 6.00% $65,000,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-5 6.00% $38,348,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Variable Super Senior/Floater/ Class A-6 (3) Rate $125,425,000 Companion/Fixed Rate February 2037 Aaa/AAA/AAA $100,000.00 Variable Senior/Inverse Floater/ Class A-7 Rate Notional Interest Only/Fixed Rate February 2037 NA/AAA/AAA $1,000,000.00 Class A-8 6.00% $10,973,000 Senior/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-9 6.00% $44,688,000 Senior/Lockout/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-10 6.00% $2,530,000 Senior Support/Lockout/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-11 5.75% $45,517,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Variable Class A-12 Rate Notional Senior/PAC/Interest Only/Fixed Rate February 2037 NA/AAA/AAA $1,000,000.00 Class A-13 6.00% $27,978,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-14 6.00% $2,530,000 Senior/PAC/Fixed Rate February 2037 NA/AAA/AAA $100,000.00 Class A-R(1) $ 100 P 0.00% $3,491,259 Senior/Principal Only February 2037 NA/AAA/AAA $100,000.00 Variable Class A-V Rate Notional Senior/Interest Only/Variable Rate February 2037 NA/AAA/AAA $2,000,000.00 Class R-I 6.00% $ 100 N$100.00 Senior/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X Residual/Fixed Rate February 2037 NA/AAA/AAA (4) Class R-II 6.00% $ 100,000 $1 100.00 Senior/Residual/Fixed Rate February 2037 NA/AAA/AAA (4) Class 15-PO $ 572,366 (5) $ 100,000 M-1 6.00% $1 9,444,500 Mezzanine/Fixed Rate February 2037 NA/NA/AA $100,000.00 Class 30-A-X (6) 6.50M-2 6.00% $ 25,000 $1 3,069,200 Mezzanine/Fixed Rate February 2037 NA/NA/A $250,000.00 Class 30-PO $ 1,924,413 (7) $ 25,000 M-3 6.00% $1 2,361,000 Mezzanine/Fixed Rate February 2037 NA/NA/BBB $250,000.00 Class B-1 $ 15,884,000 (8) $ 25,000 6.00% $1 944,400 Subordinate/Fixed Rate February 2037 NA/NA/BB $250,000.00 Class B-2 $ 7,220,000 (8) $ 25,000 6.00% $1 944,300 Subordinate/Fixed Rate February 2037 NA/NA/B $250,000.00 Class B-3 $ 4,332,000 (8) $ 25,000 6.00% $1 Class B-4 $ 2,311,000 (8) $ 25,000 944,453 Subordinate/Fixed Rate February 2037 NA/NA/NA $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1250,000.00 _________________________

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-18, Class 1-A-R, Class 1-A-LR and Class A-PO Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-18A Component, Class 1-A-18B Component, Class 1-A-18C Component, Class 1-A-PO Component, Class 2-A-PO Component and Class 3-A-PO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSIntegral Multiples Initial Class Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Through Minimum in Excess Classes Certificate Balance Rate Denomination of Minimum ------- ------------------- ---- ------------ ------------ ------------ ---------- Class 1-A-1 $ 228,683,000 6.00278,842,000.00 6.750% $ 25,000 $1,000 $1 Class 1-A-2 $ 83,300,000.00 6.750% $1,000 $1 Class 1-A-3 $ 70,000,000.00 6.750% $1,000 $1 Class 1-A-4 $ 8,331,000.00 6.750% $1,000 $1,000 Class 1-A-5 $ 12,526,000.00 6.750% $1,000 $1 Class 1-A-6 $ 10,000,000.00 6.750% $1,000 $1 Class 1-A-7 $ 25,000,000.00 6.000% $1,000 $1 Class 1-A-8 $ 46,787,029.00 (1) $1,000 $1 Class 1-A-9 $ 12,129,971.00 (2) $1,000 $1 Class 1-A-10 $ 1,436,000.00 6.750% $1,000 $1 Class 1-A-11 $ 2,140,000.00 6.750% $1,000 $1 Class 1-A-12 $ 1,450,000.00 6.750% $1,000 $1 Class 1-A-13 $ 2,213,000.00 6.750% $1,000 $1 Class 1-A-14 $ 9,474,000.00 6.750% $1,000 $1 Class 1-A-15 $ 32,745,000.00 5.750% $1,000 $1 Class 1-A-16 $ 10,190,000.00 6.500% $1,000 $1 Class 1-A-17 $ 15,002,000.00 6.750% $1,000 $1 Class 1-A-18 (3) (3) $1,000 $1 Class 1-A-19 $ 72,000,000.00 6.750% $1,000 $1 Class 1-A-R(1) R $ 100 6.0050.00 6.750% $50 N/A Class 1-A-LR $ 100 50.00 6.750% $50 N/A Class 2-A-1 $ 92,906,000 5.00298,820,000.00 6.500% $ 25,000 $1,000 $1 Class 3-A-1 $ 58,512,000 7.00117,069,000.00 6.750% $1,000 $1 Class 3-A-2 $ 8,729,000.00 6.750% $1,000 $1 Class 3-A-3 $ 14,500,000.00 6.750% $1,000 $1 Class 1-B-1 $ 12,264,000.00 6.750% $25,000 $1 Class 41-A-1 B-2 $ 62,561,000 6.505,411,000.00 6.750% $ $25,000 $1 Class 51-A-1 B-3 $ 14,495,000 5.502,886,000.00 6.750% $ $25,000 $1 Class 61-A-1 B-4 $ 30,282,000 6.001,804,000.00 6.750% $ $25,000 $1 Class 61-A-2 B-5 $ 7,778,000 6.001,443,000.00 6.750% $ $25,000 $1 Class 61-A-3 B-6 $ 3,526,000 6.001,442,985.06 6.750% $ $25,000 $1 Class 62-A-4 B-1 $ 2,627,000 6.001,976,000.00 6.500% $ $25,000 $1 Class 62-A-IO (2) 6.00B-2 $ 1,064,000.00 6.500% $ 100,000 $25,000 $1 Class 62-B-3 $ 608,000.00 6.500% $25,000 $1 Class 2-B-4 $ 304,000.00 6.500% $25,000 $1 Class 2-B-5 $ 304,000.00 6.500% $25,000 $1 Class 2-B-6 $ 304,706.60 6.500% $25,000 $1 Class 3-B-1 $ 2,842,000.00 6.750% $25,000 $1 Class 3-B-2 $ 802,000.00 6.750% $25,000 $1 Class 3-B-3 $ 438,000.00 6.750% $25,000 $1 Class 3-B-4 $ 438,000.00 6.750% $25,000 $1 Class 3-B-5 $ 292,000.00 6.750% $25,000 $1 Class 3-B-6 $ 292,247.89 6.750% $25,000 $1 Class A-PO (4) (4) $25,000 $1 Integral Initial Component Pass- Multiples Balance or Component Through Minimum In Excess Components Notional Amount Rate Denomination Of Minimum ---------- --------------- ---- ------------ ---------- Class 1-A-PO $ 86,960 2,543,293.65 (35) $ 100,000 $1 N/A N/A Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 152-A-X PO $ 489,677.35 (45) 6.00% $ 100,000 $1 N/A N/A Class 153-A-PO $ 572,366 340,025.00 (5) N/A N/A Class 1-A-18A $ 100,000 $1 4,851,111.11 6.75% N/A N/A Class 302-A-18B $ 377,407.41] 6.75% N/A N/A Class 3-A-18C $ 2,777,777.48 6.75% N/A N/A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class CB-IO, Class CB-PO and Class 1-CB-R Certificates and the right of the Class 3-A-1 Certificates to receive amounts from the Reserve Fund) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-CB-PO Component, Class 2-CB-PO Component, Class 4-CB-PO Component and Class 5-CB-PO Component (the "PO Components"), the Class 1-CB-IO Component, Class 2-CB-IO Component, Class 4-CB-IO Component and Class 5-CB-IO Component (the "IO Components" and, collectively with the PO Components, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Class R-U Interest shall be the sole "residual interest" in the Upper-Tier REMIC. The Class LR R-M Interest as shall be the single sole "residual interest" in the Middle-Tier REMIC. The Class R-L Interest shall be the sole "residual interest" in the Lower-Tier REMIC▇▇▇IC. The Trustee will hold Class 1-CB-R Certificate shall represent ownership of the Class R-U Interest, the Class R-M Interest and the Class R-L Interest. The portion of the Trust Estate consisting of the Reser▇▇ Fund and the Yield Maintenance Agreement and the right of the Class 3-A-1 Certificates to receive amounts from the Reserve Fund shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates, the Uncertificated Middle-Tier Interests and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets tables set forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Integral Certificate Multiples in Balance or Pass-Through Minimum Excess of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Classes Notional Amount Rate Denomination Minimum --------------- --------------- ----------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1-------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The shall be treated as three real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the REMIC," respectively, and each a "REMIC"). The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as shall be the single "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The Uncertificated Lower-Tier Interests shall constitute the assets of the Middle-Tier REMIC. The Trustee will hold the LowerUncertificated Middle-Tier REMIC Regular InterestsInterests shall constitute the "regular interests" and the Class MR Interest shall be the "residual interest" in the Middle-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the assets of the Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular REMIC. The Senior Certificates (which will represent other than the Class 1-A-R Certificate, the Class 30-IO Certificates and the Class 30-PO Certificates), the Components and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC) REMIC for purposes of the REMIC Provisions. The Class UR Interest shall be the "residual interest" in the Upper-Tier REMIC for purposes of the REMIC Provisions. The Class 1-A-R Certificate shall represent beneficial ownership of the Class LR Interest, the Class MR Interest and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICInterest. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Integral Certificate Multiples Balance or Pass-Through Minimum in Excess Classes Notional Amount Rate Denomination of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Minimum ---------------- ------------------ ------------ ------------ ------------ ------------- Class 1-A-1 $ 228,683,000 6.00$71,341,000.00 5.500% $ 25,000 $1,000 $1 Class 1-A-2 $4,959,000.00 5.500% $1,000 $1 Class 1-A-R(1) $ 100 6.00R $100.00 5.500% $ $100 N/A Class 2-A-1 $ 92,906,000 5.00$56,065,000.00 5.500% $ 25,000 $1,000 $1 Class 2-A-2 $2,033,000.00 5.500% $1,000 $1 Class 2-A-3 $73,259,000.00 6.000% $1,000 $1 Class 2-A-4 $5,093,000.00 6.000% $1,000 $1 Class 2-A-5 $3,990,000.00 6.000% $1,000 $1 Class 2-A-6 $22,651,000.00 5.750% $1,000 $1 Class 2-A-7 $24,244,000.00 5.500% $1,000 $1 Class 2-A-8 $49,251,000.00 5.750% $1,000 $1 Class 2-A-9 $1,786,000.00 5.750% $1,000 $1 Class 3-A-1 $ 58,512,000 7.00$25,000,000.00 5.500% $ $1,000 $1 Class 3-A-2 $4,272,000.00 5.500% $1,000 $1 Class 3-A-3 $3,298,000.00 5.500% $1,000 $1 Class 3-A-4 $8,347,000.00 5.500% $1,000 $1 Class 3-A-5 $303,000.00 5.500% $1,000 $1 Class 4-A-1 $8,886,000.00 5.750% $1,000 $1 Class 4-A-2 $3,705,000.00 5.750% $1,000 $1 Class 4-A-3 $3,705,000.00 5.750% $1,000 $1 Class 4-A-4 $2,704,000.00 5.750% $1,000 $1 Class 4-A-5 $1,000,000.00 5.750% $1,000 $1 Class 4-A-6 $14,898,000.00 5.500% $1,000 $1 Class 4-A-7 $647,739.00 5.750% $647,739 N/A Class 4-A-8 $3,019,000.00 5.750% $1,000 $1 Class 4-A-9 $13,220,000.00 5.750% $1,000 $1 Class 4-A-10 $9,156,000.00 5.750% $1,000 $1 Class 4-A-11 $291,00000 5.750% $1,000 $1 Class 4-A-12 $139,956.00 5.750% $1,000 $1 Class 4-A-13 $1,895,833.00 6.000% $1,000 $1 Class 4-A-14 $354,167.00 (1) $25,000 $1 Class 4-A-1 $ 62,561,000 6.50A-15 $2,000,000.00 5.500% $ 25,000 $1,000 $1,000 Class 4-A-16 $3,000,000.00 6.000% $1,000 $1,000 Class 4-A-17 $2,000,000.00 5.750% $1,000 $1,000 Class 4-A-18 $1,000,000.00 5.500% $1,000 $1 Class 54-A-1 $ 14,495,000 5.50% $ 25,000 A-19 $5,000,000.00 (2) $1,000 $1 Class 64-A-1 $ 30,282,000 6.00A-20 $6,884,000.00 5.750% $ 25,000 $1,000 $1 Class 64-A-2 $ 7,778,000 6.00A-21 $2,138,000.00 5.750% $ 25,000 $1,000 $1 Class 64-A-3 $ 3,526,000 6.00A-22 $2,608,000.00 5.750% $ 25,000 $1,000 $1 Class 64-A-4 $ 2,627,000 6.00A-23 $3,370,000.00 5.750% $ 25,000 $1,000 $1 Class 64-A-IO (2) 6.00A-24 $10,353,044.00 5.750% $ 100,000 $1,000 $1 Class 64-A-PO $ 86,960 A-25 $1,250,000.00 (3) $ 100,000 $1,000 $1 Class 74-A-1 $ 39,023,000 7.00A-26 $42,419,000.00 5.750% $ 25,000 $1,000 $1 Class 154-A-X (4) 6.00A-27 $31,222,000.00 5.750% $ 100,000 $1,000 $1 Class 154-PO $ 572,366 (5) $ 100,000 A-28 $27,766,000.00 5.750% $1,000 $1 Class 4-A-29 $2,403,000.00 5.750% $1,000 $1 Class 30-A-X IO $8,101,414.00 (64) 6.50% $ 25,000 $1,000,000 $1 Class 30-PO $ 1,924,413 $11,908,034.00 (75) $ $25,000 $1 Class B-1 $ 15,884,000 $11,901,000.00 (8) $ 6) $25,000 $1 Class B-2 $ 7,220,000 $3,571,000.00 (8) $ 6) $25,000 $1 Class B-3 $ 4,332,000 $2,082,000.00 (8) $ 6) $25,000 $1 Class B-4 $ 2,311,000 $1,190,000.00 (8) $ 6) $25,000 $1 Class B-5 $ 2,599,000 $893,000.00 (8) $ 6) $25,000 $1 Class B-6 $ 2,312,102 $1,190,213.00 (8) $ 6) $25,000 $1 Initial Component Integral Balance or Multiples Component Pass-Through Minimum In Excess Components Notional Amount Rate Denomination Of Minimum ---------------- ------------------ ------------ ------------ ------------- Class 1-IO 2,501,008.36 5.500% N/A N/A Class 2-IO 2,048,627.47 5.500% N/A N/A Class 3-IO 966,289.86 5.500% N/A N/A Class 4-IO 2,585,489.18 5.500% N/A N/A Class 1-PO 327,935.60 (7) N/A N/A Class 2-PO 7,880,182.12 (7) N/A N/A Class 3-PO 513,841.03 (7) N/A N/A Class 4-PO 3,186,075.74 (7) N/A N/A ------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class A-LR Interest Certificate as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest A-R Certificate as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS CERTIFICATE INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR MULTIPLES CLASS NOTIONAL PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- -------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 57,733,000 6.75% $ 25,000 $ 1 Class A-2 $ 4,153,000 6.75% $ 1,000 $ 1 Class A-3 $ 40,000,000 (1) $ 25,000 $ 1 Class A-4 (2) (3) $ 20,000,000(4) $ 1 Class A-5 $ 43,200,000 6.75% $ 25,000 $ 1 Class A-6 $ 66,667,000 6.00% $ 25,000 $$ 1 Class A-7 $ 10,000,000 6.75% $ 25,000 $ 1 Class A-8 $ 9,044,000 6.75% $ 25,000 $ 1 Class PO $ 662,451 (5) $ 25,000 $ 1 Class A-R(1) R $ 100 6.0050 6.75% $ 100 50 N/A Class 2A-A-1 LR $ 92,906,000 5.0050 6.75% $ 25,000 $1 50 N/A Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $108,220,000(4) $ 25,000 $1 Class B-1 $ 15,884,000 (8) 3,838,000 6.75% $ 25,000 $$ 1 Class B-2 $ 7,220,000 (8) 1,679,000 6.75% $ 25,000 $$ 1 Class B-3 $ 4,332,000 (8) 1,199,000 6.75% $ 25,000 $$ 1 Class B-4 $ 2,311,000 (8) 719,000 6.75% $ 25,000 $$ 1 Class B-5 $ 2,599,000 (8) 480,000 6.75% $ 25,000 $$ 1 Class B-6 $ 2,312,102 (8) 480,364.23 6.75% $ 25,000 $1$ 1 ------------

PRELIMINARY STATEMENT. Terms used but not defined in this Preliminary Statement shall have the meanings specified in Article I hereof. The Depositor is intends to sell pass-through certificates to be issued hereunder in multiple classes which in the owner of aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed to consisting primarily of the Mortgage Loans and Mortgage Certificates. As provided herein, the Trustee in return for will elect that the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund be treated for federal income tax purposes will consist as two separate real estate mortgage investment conduits within the meaning of two REMICsthe Code. The LowerClass A, Class B, Class C, Class D, Class E, Class F, Class G, Class X-1 and Class X-2 Certificates will be designated as the "regular interests," and the R Certificate will be designated as the "residual interest," in the Upper-Tier REMIC will consist of all for purposes of the assets constituting the Trust Fund (other than the LowerREMIC Provisions under federal income tax law. The Class AL, Class BL, Class CL, Class DL, Class EL, Class FL, Class GL, Class AR-Tier REMIC Regular L and Class X-1L Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent designated as the "regular interests" in the Lower-Tier REMIC) REMIC and the Class LR Interest Certificate will be designated as the single "residual interest" in the Lower-Tier REMICREMIC for purposes of the REMIC Provisions under federal income tax law. The Trustee will hold following table sets forth, to the Lowerextent applicable, the Class designation, initial Certificate Principal Amount and Pass-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist Through Rate for each Class of Certificates comprising the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" interests in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the UpperREMIC created hereunder. Initial Certificate Pass-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1Through Designation Principal Amount Rate ----------- ---------------- ------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R Certificate) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC within the meaning of the REMIC Provisions. The Class UR Interest shall constitute the "residual interest" in the Upper-Tier REMIC within the meaning of the REMIC Provisions. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and REMIC within the meaning of the REMIC Provisions. The Class LR Interest as shall constitute the single "residual interest" in the Lower-Tier REMICREMIC within the meaning of the REMIC Provisions. The Trustee will hold the LowerClass 1-Tier REMIC Regular Interests. The UpperA-Tier REMIC will consist R Certificate shall represent ownership of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) Class LR Interest and the Class UR Interest as Interest. The Certificates and the single "residual interest" of the UpperUncertificated Lower-Tier REMICInterests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): issuable: INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-PASS- CERTIFICATE THROUGH MINIMUM INTEGRAL MULTIPLES IN CLASSES BALANCE RATE DENOMINATION EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM ----------- --------------- ------- ------------ ------------ ------------ --------------------- Class 1-A-1 $196,119,000.00 (1) $ 228,683,000 6.00% 1,000 $ 25,000 $1 Class 1-A-2 $ 20,405,000.00 (1) $ 1,000 $ 1 Class 1-A-R(1R $ 100.00 (1) $ 100 6.00% $ 100 N/A Class 2-A-1 $192,425,000.00 (2) $ 92,906,000 5.00% 1,000 $ 25,000 $1 Class 2-A-2 $ 20,021,000.00 (2) $ 1,000 $ 1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 97,840,000.00 (3) $ 100,000 $1,000 $ 1 Class 73-A-1 A-2 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X 10,180,000.00 (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (53) $ 100,000 $1 Class 30-A-X (6) 6.50% 1,000 $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 14,621,000.00 (8) 4) $25,000 $ 25,000 $1 Class B-2 $ 7,220,000 3,936,000.00 (8) 4) $25,000 $ 25,000 $1 Class B-3 $ 4,332,000 2,531,000.00 (8) 4) $25,000 $ 25,000 $1 Class B-4 $ 2,311,000 1,406,000.00 (8) 4) $25,000 $ 25,000 $1 Class B-5 $ 2,599,000 1,405,000.00 (8) 4) $25,000 $ 25,000 $1 Class B-6 $ 2,312,102 1,406,497.00 (8) 4) $25,000 $ 25,000 $1

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate (other than the Prepayment Premiums) for federal income tax purposes will consist of be treated as two REMICs. The real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each a "REMIC"). The Senior Certificates (other than the Class P, Class PO, Class CB-IO, Class NC-IO, Class 1-A-R and Class 1-A-LR Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-PO, Class 2-PO, Class 3-PO, Class 4-PO, Class 5-PO, Class 6-PO, Class 7-PO, Class 8-PO, Class 1-IO, Class 2-IO, Class 3-IO, Class 4-IO, Class 5-IO, Class 6-IO and Class 7-IO Components (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Class P Certificates represent an interest in the Grantor Trust created hereunder and are entitled to receive any Prepayment Premiums with respect to the Mortgage Loans and any Servicer Prepayment Premium Payment Amounts. The Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as five real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC," the "Lower-Tier REMIC will consist of all of REMIC," the assets constituting "Group 4 Upper-Tier REMIC" and the Trust Fund "Group 4 Lower-Tier REMIC," respectively, and each a "REMIC"). The Certificates (other than the Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 4-CE, Class 4-R and Class 4-LR Certificates and the Group 4 Certificates) shall constitute "regular interests" in the Upper-Tier REMIC. The Group 4 Certificates (exclusive of the right of such Certificates to receive Cap Carryover Amounts) and the Class 4-CE Certificates shall constitute "regular interests" in the Group 4 Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Uncertificated Group 4 Lower-Tier Interests shall constitute the "regular interests" in the Group 4 Lower-Tier REMIC. The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC, the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold , the LowerClass 4-Tier REMIC Regular Interests. The R Certificate shall be the "residual interest" in the Group 4 Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as 4-LR Certificate shall be the single "residual interest" of in the UpperGroup 4 Lower-Tier REMIC. The portion of the Trust Estate consisting of the Reserve Account, the Yield Maintenance Agreements, the rights of the Group 4 Certificates to receive Cap Carryover Amounts and the obligation of the Class 4-CE Certificates to pay Cap Carryover Amounts shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates, the Uncertificated Middle-Tier Interests, the Uncertificated Lower-Tier Interests and the Uncertificated Group 4 Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Minimum Integral Certificate Pass- Denomination/ Multiples Balance or Through Percentage in Excess Classes Notional Amount Rate Interest of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Minimum ------------ --------------- ------------ ------------ ------------ ------- ------------- ---------- Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $49,502,000.00 (1) $1,000 $1 Class 1-A-R(1R $50.00 (1) $ 100 6.00% $ 100 $50 N/A Class 1-A-MR $25.00 (1) $25 N/A Class 1-A-LR $25.00 (1) $25 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $25,000,000.00 (2) $1,000 $1 Class 2-A-2 $21,024,000.00 (2) $1,000 $1 Class 2-X-1 $46,024,000.00 (3) $1,000,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ $77,860,000.00 (4) $1,000 $1 Class 4-A-1 $154,679,000.00 (5) $1,000 $1 Class 4-A-2 $78,808,000.00 (6) $1,000 $1 Class 4-A-3 $22,902,000.00 (7) $1,000 $1 Class 4-CE (8) (8) N/A N/A Class 4-R N/A N/A N/A N/A Class 4-LR N/A N/A N/A N/A Class 1-B-1 $587,000.00 (1) $25,000 $1 Class 1-B-2 $255,000.00 (1) $25,000 $1 Class 1-B-3 $255,000.00 (1) $25,000 $1 Class 1-B-4 $281,000.00 (1) $25,000 $1 Class 1-B-5 $77,000.00 (1) $25,000 $1 Class 1-B-6 $76,631.00 (1) $25,000 $1 Class CB-1 $6,962,000.00 (9) $25,000 $1 Class CB-2 $1,487,000.00 (9) $25,000 $1 Class CB-3 $946,000.00 (9) $25,000 $1 Class CB-4 $811,000.00 (9) $25,000 $1 Class CB-5 $608,000.00 (9) $25,000 $1 Class CB-6 $473,625.00 (9) $25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ M-1 $8,239,000.00 (10) $25,000 $1 Class 54-A-1 $ 14,495,000 5.50% $ M-2 $6,004,000.00 (10) $25,000 $1 Class 64-A-1 $ 30,282,000 6.00% $ B-1 $3,491,000.00 (10) $25,000 $1 Class 64-A-2 $ 7,778,000 6.00% $ B-2 $1,676,000.00 (10) $25,000 $1 Integral Initial Pass- Multiples In Component Through Minimum Excess Of Components Balance Rate Denomination Minimum ------------ --------------- ------- ------------- ---------- Class 64-A-3 $ 3,526,000 6.00% $ 25,000 A-3A $1 15,172,000.00 (11) N/A N/A Class 64-A-4 $ 2,627,000 6.00% $ 25,000 A-3B $1 Class 6-A-IO 7,730,000.00 (212) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A ----------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for federal income tax purposes will consist of two three separate REMICs, each having assets as provided herein. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and Certificates will represent the "entire beneficial ownership interest in the Trust Fund. The Regular Certificates will represent “regular interests" ” in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier Upper REMIC. The Trustee will hold the LowerClass II-Tier REMIC Regular Interests. The UpperA-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular R Certificates (which will represent the "regular interests" residual interests in the Upper-Tier Lower REMIC) , Middle REMIC and the Class UR Interest Upper REMIC, as the single "residual interest" of the Upper-Tier REMICdescribed in Section 2.7. The "“latest possible maturity date" ” for federal income tax purposes of all REMIC regular interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1Designation Initial Class Certificate Balance Initial Pass Through Rate Minimum Denomination Integral Multiples in Excess Minimum Class I-A-1 $ 228,683,000 6.00% 25,000 $ 1,000 Class I-A-2 $ 25,000 $1 $ 1,000 Class II-A-1 $ 25,000 $ 1,000 Class II-A-R(1) R $ 100 6.00% $ 100 N/A Class 2III-A-1 $ 92,906,000 5.00% 25,000 $ 25,000 $1 1,000 Class 3IV-A-1 $ 58,512,000 7.00% 25,000 $ 25,000 $1 1,000 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6IV-A-2 $ 7,778,000 6.00% 25,000 $ 25,000 $1 1,000 Class 6B-1 $ 100,000 $ 1,000 Class B-2 $ 100,000 $ 1,000 Class B-3 $ 100,000 $ 1,000 Class B-4 $ 100,000 $ 1,000 Class B-5 $ 100,000 $ 1,000 Class B-6 $ 100,000 $ 1,000 Accretion Directed Certificates None. Accrual Certificates None. Accrual Components None. Book-A-3 $ 3,526,000 6.00% $ 25,000 $1 Entry Certificates All Classes of Certificates other than the Physical Certificates. Certificate Group With respect to Pool I, the Group I Senior Certificates; with respect to Pool II, the Group II Senior Certificates; with respect to Pool III, the Group III Senior Certificates; and with respect to Pool IV, the Group IV Senior Certificates. COFI Certificates None. Component Certificates None. Components None. Delay Certificates All interest-bearing Classes of Certificates other than the Non-Delay Certificates, if any. ERISA-Restricted Certificates The Residual Certificates, Private Certificates and Certificates of any Class 6that no longer satisfy the applicable rating requirement of the Underwriters’ Exemption. Floating Rate Certificates None. Group I Senior Certificates The Class I-A-4 $ 2,627,000 6.00% $ 25,000 $1 A-1 and Class 6I-A-2 Certificates. Group II Senior Certificates The Class II-A-1 and Class II-A-IO (2) 6.00% $ 100,000 $1 R Certificates. Group III Senior Certificates The Class 6III-A-1 Certificates. Group IV Senior Certificates The Class IV-A-1 and Class IV-A-2 Certificates. Insured Retail Certificates None. Inverse Floating Rate Certificates None. LIBOR Certificates None. Non-Delay Certificates None. Notional Amount Components None. Notional Amount Certificates None. Offered Certificates All Classes of the Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Planned Principal Classes None. Principal Only Certificates None. Private Certificates The Class B-4, Class B-5 and Class B-6 Certificates. Rating Agencies Fitch and ▇▇▇▇▇’▇; except that, for the purposes of the Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, Fitch shall be the sole Rating Agency. The Class B-6 Certificates will not be rated. Regular Certificates All Classes of Certificates, other than the Residual Certificates. Residual Certificates The Class II-A-PO $ 86,960 (3) $ 100,000 $1 R Certificates. Scheduled Principal Classes None. Senior Certificates The Group I Senior Certificates, the Group II Senior Certificates, the Group III Senior Certificates and the Group IV Senior Certificates, collectively. Senior Mezzanine Certificates The Class 7IV-A-2 Certificates. Subordinated Certificates The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates. Super Senior Certificates The Class IV-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1Certificates. Support Classes None. Targeted Principal Classes None. Underwriters ______________ With respect to any of the foregoing designations as to which the corresponding reference is “None,” all defined terms and provisions herein relating solely to such designations shall be of no force or effect, and any calculations herein incorporating references to such designations shall be interpreted without reference to such designations and amounts. Defined terms and provisions herein relating to statistical rating agencies not designated above as Rating Agencies shall be of no force or effect.

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund that is hereby conveyed Fund, and subject to this Agreement (including the Trustee in return for Mortgage Loans but excluding the Certificates. The Trust Fund is being conveyed to the Trustee to create Initial Monthly Payment Fund), as one or more real estate mortgage investment conduits (each, a trust for the benefit of the Certificateholders. The Trust Fund "REMIC") for federal income tax purposes will consist of two REMICspurposes. The Lower-Tier REMIC will consist of all terms and provisions of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account) Standard Terms, the terms and will be evidenced by provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein shall have the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" meanings set forth in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMICStandard Terms. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist Pooling and Servicing Agreement shall be dated as of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" date of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity DateSeries Supplement. The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of certain features for each Class of Certificates may be issued comprising the interests in a different amount): the Trust Fund created hereunder. PASS- AGGREGATE INITIAL CLASS INTEGRAL [STANDARD & THROUGH CERTIFICATE MATURITY POOR'S/FITCH MINIMUM DESIGNATION RATE PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ FEATURES(1) DATE IBCA] DENOMINATIONS(2) ----------- ---- ----------------- ----------- ---- ----- ---------------- Class 1-A-1 $ 228,683,000 6.00[_] [___]% $ 25,000 $1 [__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Senior [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] [Senior Support] [_____] 25, 20[_] AAA/AAA $[__________] Class [_] [___]% $[__________] Prepayment [_____] 25, 20[_] AAA/AAA $[__________] Lockout/Senior Class A-R(1P 0.00% $[__________] Principal [_____] 25, 20[_] AAAr/AAA $[__________] Only/Senior Class A-V Variable $0.00 Variable [_____] 25, 20[_] AAAr/AAA (4) $ 100 6.00Rate(3) Strip/Senior Class R [___]% $ 100 $100.00 Residual/Senior [_____] 25, 20[_] AAA/AAA (5) Class M-1 [___]% $[__________] Mezzanine [_____] 25, 20[_] AA/AA $[__________] Class M-2 [___]% $[__________] Mezzanine [_____] 25, 20[_] A/A $[__________] Class M-3 [___]% $[__________] Mezzanine [_____] 25, 20[_] BBB/BBB $[__________] Class B-1 [___]% $[__________] Subordinate [_____] 25, 20[_] BB/BB $[__________] Class B-2 [___]% $[__________] Subordinate [_____] 25, 20[_] B/B $[__________] Class B-3 [___]% $[__________] Subordinate [_____] 25, 20[_] N/A Class 2$[__________] The Mortgage Loans have an aggregate principal balance as of the Cut-A-1 $ 92,906,000 5.00% $ 25,000 off Date of $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1[__________]. In consideration of the mutual agreements herein contained, the Company, the Master Servicer and the Trustee agree as follows:

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the Latest Possible Maturity Datecertificated. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): UNCERTIFICATED INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES UNCERTIFICATED LATEST -REMIC-I-PASS PRINCIPAL-BALANCE OR PASSPOSSIBLE-MATURITY(1) DESIGNATION THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00--------------------------------------------------------------------------------------------- REMIC I Regular Interest W 6.25% $ 25,000 $1 Class A-R(1) $ 100 6.0025,000,000.00 October 25, 2032 REMIC I Regular Interest X 6.25% $ 100 N/A Class 2-A-1 $ 92,906,000 5.0025,000,000.00 October 25, 2032 REMIC I Regular Interest Y 6.25% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00258,393,428.03 October 25, 2032 REMIC I Regular Interest Z 0.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-4,851,743.86 October 25, 2032 REMIC I IO Regular Interests Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1October 25, 2032

PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates (collectively, the owner of “Certificates”), to be issued hereunder in multiple classes, which Certificates in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed to created hereunder. The Certificates will consist of seven classes of certificates, designated as (i) the Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class M Certificates, (v) the Class B Certificates, (vi) the Class C Certificates and (vii) the Class R Certificates. As provided herein, the Trustee in return for shall make an election to treat the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit segregated pool of assets consisting of the Certificateholders. The Trust Mortgage Loans and certain other related assets subject to this Agreement (exclusive of the Excess Reserve Fund Account) as a real estate mortgage investment conduit (a “REMIC”) for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC 1.” The Class R-1 Interest represents the sole class of “residual interests” in REMIC 1 for purposes will consist of two REMICsthe REMIC Provisions. The Lowerfollowing table irrevocably sets forth the designation, the Uncertificated REMIC 1 Pass-Tier REMIC will consist Through Rate, the initial Uncertificated Principal Balance, and for purposes of all of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "“latest possible maturity date" ” for federal income tax purposes each of all interests created hereby the REMIC 1 Regular Interests. None of the REMIC 1 Regular Interests will be the certificated. Designation Uncertificated REMIC 1 Pass-Through Rate Initial Uncertificated Principal Balance Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1Date(1) LT1AA Variable(2 ) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3220,993,633.67 January 25, 2012 LT1A1 Variable(2 ) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (51,267,950.00 January 25, 2012 LT1A2 Variable(2 ) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7675,590.00 January 25, 2012 LT1A3 Variable(2 ) $ 25,000 $1 Class B-1 281,050.00 January 25, 2012 LT1M Variable(2 ) $ 15,884,000 (8) 10,150.00 January 25, 2012 LT1B Variable(2 ) $ 25,000 $1 Class B-2 20,290.00 January 25, 2012 LT1ZZ Variable(2 ) $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $12,255,044.16 January 25, 2012 ___________________

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The As provided herein, the Trustee will elect that the Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund be treated for federal income tax purposes will consist of as two REMICsreal estate mortgage investment conduits (each a "REMIC," or in the alternative, the "Master REMIC" and the "Subsidiary REMIC," respectively). The Lower-Tier Master REMIC will consist hold as assets the several classes of all of the assets constituting the Trust Fund uncertificated Subsidiary REMIC Interests (other than the LowerClass SR-Tier A-R Interest). Each Certificate, other than the Class A-R Certificate, will represent ownership of one or more REMIC Regular Interests and proceeds thereof regular interests in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier Master REMIC. The Trustee Class A-R Certificate will represent ownership of the sole class of REMIC residual interest in each of the Subsidiary REMIC and the Master REMIC. The Subsidiary REMIC will hold as assets all the Lower-Tier REMIC Regular Interestsassets of the Trust Fund. The Upperuncertificated Subsidiary REMIC Interests (other than the Class SR-Tier A-R Interest) are designated as REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof regular interests in the Distribution Account and will be evidenced by Subsidiary REMIC. The SR-A-R Subsidiary REMIC Interest is designated as the Regular Certificates (which will represent the "regular interests" sole Class of REMIC residual interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier Subsidiary REMIC. The "latest possible maturity date," for federal income tax purposes purposes, of all REMIC regular interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS========================= ======================== ===================== ====================== ====================== Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Initial Class 1-Rate Integral Multiples Class Designation Certificate Balance (per annum) Minimum Denomination in Excess of Minimum ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1413,502,400.00 (1) $ 100 6.00% $ 100 N/A 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 100,000,000.00 (2) 6.00% $ 100,000 25,000.00 $1 1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 6-A-PO $ 86,960 A-3 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 25,000.00(5) $1 1,000.00(5) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X A-4 (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 25,000.00(5) $1 1,000.00(5) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-5 $ 67,219,100.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-6 $ 64,000,000.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-7 $ 31,000,000.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-8 $ 25,826,000.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-9 $ 4,100,900.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-10 $ 7,550,000.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class PO $ 3,985,017.00 (8) $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class A-R(9) $ 100.00 5.50% (10) (10) ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class M $ 13,856,000.00 5.50% $ 25,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-1 $ 15,884,000 (8) 6,741,000.00 5.50% $ 25,000 25,000.00 $1 1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-2 $ 7,220,000 (8) 3,745,000.00 5.50% $ 25,000 25,000.00 $1 1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-3 $ 4,332,000 (8) $ 25,000 2,996,000.00 5.50% $1 100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-4 $ 2,311,000 (8) $ 25,000 2,622,000.00 5.50% $1 100,000.00 $1,000.00 ------------------------- ------------------------ --------------------- ---------------------- ---------------------- Class B-5 $ 2,599,000 (8) $ 25,000 1,873,275.18 5.50% $1 Class B-6 $ 2,312,102 (8) $ 25,000 100,000.00 $11,000.00 ========================= ======================== ===================== ====================== ======================

PRELIMINARY STATEMENT. The Depositor is intends to sell home equity loan pass-through certificates (collectively, the owner "Certificates"), to be issued hereunder in sixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein) and certain other related assets. REMIC I As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit Mortgage Loans and certain other related assets (exclusive of the Certificateholders. The Trust Fund Yield Maintenance Agreement and any payments thereunder) subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Certificates will represent the sole Class of "residual interests" in REMIC I for purposes will consist of two REMICsthe REMIC Provisions (as defined herein) under federal income tax law. The Lowerfollowing table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution AccountThrough Rate") and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent initial Uncertificated Principal Balance for each of the "regular interests" in REMIC I (the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC I Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC). The "latest possible maturity date" (determined for federal income tax purposes of all interests created hereby will satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC I Regular Interests shall be the Latest Possible Maturity 360th Distribution Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall REMIC I Regular Interests will not be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): certificated. UNCERTIFICATED INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR UNCERTIFICATED REMIC I REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM PRINCIPAL BALANCE MATURITY DATE ----------- ----------------- ---------------------- --------------- ------------ ------------ ------------ Class [AA (1-) $[_____________] [_], 25, 200[_] A-1 $ 228,683,000 6.00% $ 25,000 (1) $1 Class A-R(1[_____________] [_], 25, 200[_] A-2 (1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 [_____________] [_], 25, 200[_] A-3 (1) $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 [_____________] [_], 25, 200[_] M-1 (1) $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 [_____________] [_], 25, 200[_] M-2 (1) $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 [_____________] [_], 25, 200[_] M-3 (1) $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 [_____________] [_], 25, 200[_] M-4 (1) $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 [_____________] [_], 25, 200[_] M-5 (1) $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 [_____________] [_], 25, 200[_] M-6 (1) $1 Class 6-A-IO [_____________] [_], 25, 200[_] M-7 (21) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 [_____________] [_], 25, 200[_] M-8 (31) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 [_____________] [_], 25, 200[_] M-9 (1) $1 Class 15-A-X [_____________] [_], 25, 200[_] M-10 (41) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 [_____________] [_], 25, 200[_] ZZ] (51) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1[_____________] [_], 25, 200[_]

PRELIMINARY STATEMENT. Through this Agreement, the Depositor intends to cause the issuance and sale of the HarborView Mortgage Loan Trust 2003-1 Mortgage Loan Pass-Through Certificates, Series 2003-1 (the “Certificates”) representing in the aggregate the entire beneficial ownership of the Trust, the primary assets of which are the Mortgage Loans (as defined below). The Depositor is intends to sell the owner of Certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed to the Trustee in return for the Certificatescreated hereunder. The Trust Fund is being conveyed to Certificates will consist of nine classes of certificates, designated as (i) the Trustee to create a trust for Class A Certificates, (ii) the benefit of Class A-R Certificate, (iii) the CertificateholdersClass B-1 Certificates, (iv) the Class B-2 Certificates, (v) the Class B-3 Certificates, (vi) the Class B-4 Certificates, (vii) the Class B-5 Certificates, (viii) the Class B-6 Certificates and (ix) the Class P Certificate. The Trust Fund for For federal income tax purposes, the Trustee shall elect that the Trust Fund, other than the Class P Distributable Amount, be treated as a REMIC. Each Certificate, other than a Class P or Class A-R Certificate, represents ownership of a regular interest in the REMIC for purposes will consist of two REMICsthe REMIC Provisions. The Lower-Tier REMIC Class P Certificate will consist of all of the assets constituting represent an interest in the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof but is not an interest in the Distribution Account) and will be evidenced by REMIC created hereunder. The Class A-R Certificate represents ownership of the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" sole class of residual interest in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist created hereunder for purposes of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" Provisions. For purposes of the Upper-Tier REMICREMIC Provisions, the startup day is the Closing Date. The "latest possible maturity date" for federal income tax purposes of all All REMIC regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. The following table sets forth characteristics of (or describes) the CertificatesClass designation, together with the minimum denominations Pass-Through Rate and integral multiples in excess thereof in which such Classes shall be issuable (except that one Original Class Certificate of Principal Balance for each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 (each of which, except for the Class A-R(1R Certificate and the Class P Certificate, is hereby designated a REMIC regular interest for purposes of the REMIC Provisions) $ 100 6.00% $ 100 N/comprising the interests in the Trust Fund created hereunder: Class A $297,909,000.00 (1) Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO R $100.00 (1) Class B-1 $4,613,000.00 (1) Class B-2 $1,999,000.00 (1) Class B-3 $1,230,000.00 (1) Class B-4 $615,000.00 (1) Class B-5 $615,000.00 (1) Class B-6 $617,654.00 (1) Class P (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $12)

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-LR and Class A-PO Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 2-A-PO Component, Class 1-A-SES Component and Class 2-A-SES Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS======================== ==================== ================ ==================== ==================== Initial Class Integral Multiples Certificate Balance Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Minimum in Excess Classes or Notional Amount Rate Denomination of Minimum ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-1 $ 228,683,000 6.00$83,018,000.00 6.000% $ 25,000 $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-2 $6,842,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-3 $5,537,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-4 $15,974,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-5 $6,000,000.00 6.000% $1,000 $1,000 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-6 $1,121,916.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-7 $4,218,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-8 $2,862,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-9 $3,013,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-10 $1,657,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-11 $755,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-12 $958,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-13 $2,000,000.00 6.000% $1,000 $1,000 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-14 $4,000,000.00 6.000% $1,000 $1,000 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-15 $6,000,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-16 $6,000,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-17 $30,803,909.00 (1) $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-18 $30,803,909.00 (2) $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-19 $15,000,000.00 5.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-20 $5,406,000.00 4.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-21 $50,000,000.00 4.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-22 $12,353,000.00 5.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-23 $550,000.00 5.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-24 $797,000.00 5.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-25 $2,309,091.00 5.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-26 $15,000,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-27 $53,278,000.00 3.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-28 $40,000,000.00 2.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-29 $8,636,000.00 4.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-30 $1,543,074.00 4.750% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-31 $11,356,926.00 5.250% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-32 $75,000,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-33 $15,817,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-34 $250,000.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-35 $58,455,756.00 6.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-R(1) $ 100 6.00R $50.00 6.000% $ 100 $50 N/A ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-LR $50.00 6.000% $50 N/A ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-WIO $472,546,188.00 (3) $10,000,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-1 $ 92,906,000 5.00$82,608,286.00 5.000% $ $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-2 $31,410,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-3 $15,000,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-4 $3,878,000.00 5.500% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-5 $14,009,714.00 (4) $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-6 $14,009,714.00 (5) $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-7 $1,450,000.00 5.000% $1,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-A-WIO $148,975,476.00 (6) $10,000,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-B-1 $6,256,000.00 6.000% $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 31-A-1 $ 58,512,000 7.00B-2 $3,003,000.00 6.000% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 41-A-1 $ 62,561,000 6.50B-3 $1,501,000.00 6.000% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 51-A-1 $ 14,495,000 5.50B-4 $1,001,000.00 6.000% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 61-A-1 $ 30,282,000 6.00B-5 $751,000.00 6.000% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 61-A-2 $ 7,778,000 6.00B-6 $750,984.00 6.000% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 62-A-3 $ 3,526,000 6.00B-1 $1,052,000.00 5.500% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 62-A-4 $ 2,627,000 6.00B-2 $301,000.00 5.500% $ $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 62-B-3 $225,000.00 5.500% $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-B-4 $75,000.00 5.500% $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-B-5 $75,000.00 5.500% $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 2-B-6 $150,939.00 5.500% $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class A-IO PO (27) 6.00% $ 100,000 (8) $25,000 $1 ------------------------ -------------------- ---------------- -------------------- -------------------- Class 6SES (9) (9) $25,000 $1 ======================== ==================== ================ ==================== ==================== Initial Component Integral Multiples Balance or Component Pass-Through Minimum In Excess Components Notional Amount Rate Denomination Of Minimum ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-A-PO $ 86,960 $287,948.00 (3) $ 100,000 $1 8) N/A N/A ------------------------ -------------------- ---------------- -------------------- -------------------- Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 152-A-X (4) 6.00% $ 100,000 PO $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 687.00 (8) $ 25,000 N/A N/A ------------------------ -------------------- ---------------- -------------------- -------------------- Class 1-SES $1 500,485,032.57 0.200% N/A N/A ------------------------ -------------------- ---------------- -------------------- -------------------- Class B-2 $ 7,220,000 (8) $ 25,000 2-SES $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1150,235,626.53 0.200% N/A N/A ======================== ==================== ================ ==================== ====================

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC," and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-MR, Class 1-A-LR and Class A-PO Certificates), the Group 1-B Certificates and the Class CB Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 2-A-PO Component and Class 3-A-PO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as six real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC," the "Lower-Tier REMIC will consist of all of REMIC," the assets constituting "Group 4 Pooling REMIC," the Trust Fund "Group 5 Upper-Tier REMIC" and the "Group 5 Lower-Tier REMIC," respectively, and each a "REMIC"). The Certificates (other than the Class 1-A-R and the Group 5 Certificates) shall constitute "regular interests" in the Upper-Tier REMIC. The Offered Group 5 Certificates (other than the Class 5-A-3 Certificates) and each Component (exclusive of the right of such Certificates or Components to receive Cap Carryover Amounts) and the Class 5-CE Certificates shall constitute "regular interests" in the Group 5 Upper-Tier REMIC. The Certificates (other than the Class 1-A-R and Class 5-P Certificates) are the "Regular Certificates." The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Uncertificated Group 5 Lower-Tier Interests shall constitute the "regular interests" in the Group 5 Lower-Tier REMIC. The Class 1-LR Interest as shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Class 1-MR Interest shall be the Lower"residual interest" in the Middle-Tier REMIC Regular InterestsREMIC. The UpperClass 1-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will UR Interest shall be evidenced by the Regular Certificates (which will represent the "regular interestsresidual interest" in the Upper-Tier REMIC) and . The Class 4-PR Interest shall be the Class UR Interest as the single "residual interest" of in the Group 4 Pooling REMIC. The Class 5-LR Interest shall be the "residual interest" in the Group 5 Lower-Tier REMIC. The Class 5-UR Interest shall be the "residual interest" in the Group 5 Upper-Tier REMIC. The portion of the Trust Estate consisting of the Reserve Account, the Yield Maintenance Agreements, the Class 5-P Certificates, the rights of the Offered Group 5 Certificates to receive Cap Carryover Amounts and the obligation of the Class 5-CE Certificates to pay Cap Carryover Amounts shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates, the Uncertificated Middle-Tier Interests, the Uncertificated Lower-Tier Interests, the Uncertificated Group 4 Pooling REMIC Interests and the Uncertificated Group 5 Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1issuable:

PRELIMINARY STATEMENT. In order to facilitate the servicing of certain Mortgage Loans by the Servicer, the Representative, the Servicer, the Originators and the Claims Administrator are entering into this Agreement with the Trustee. The Depositor is Originators are selling the owner of the Trust Fund that is hereby conveyed Mortgage Loans to the Trustee in return for the Certificates. The Trust Fund is being conveyed (or, with respect to the Trustee FHA Loans, to create a trust the FHA Custodian, who is transferring such FHA Loans to the Trustee) for the benefit of the Certificateholders, pursuant to which the following classes of Certificates are being issued, denominated on the face thereof as The Money Store Home Improvement Loan Backed Certificates, Series 1998-I, Class AH, Class MH-1, Class MH-2, Class BH, Class X, Class R-1 and Class R-2, respectively, representing in the aggregate a 100% undivided ownership interest in the Mortgage Loans. The Trust Fund Mortgage Loans have an aggregate outstanding principal balance of $200,000,003.17 as of August 31, 1998 (or the date of origination of such Mortgage Loan if later) (the "Cut-Off Date"), after application of payments received by the Originators on or before such date. Each Mortgage Loan has a Mortgage Interest Rate in excess of the Class Adjusted Mortgage Loan Remittance Rate of each Class of Certificates. The Class R Certificates are subordinated to the other Classes of Certificates, in each case to the extent described herein. As provided herein, two separate real estate mortgage investment conduit ("REMIC") elections will be made in connection with the assets constituting each of REMIC I and REMIC II for federal income tax purposes will consist purposes. On the Startup Day, all the Classes of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC II Regular Interests and proceeds thereof in the Distribution Account) and Certificates will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the designated "regular interests" in the Lower-Tier REMIC) REMIC II and the Class LR Interest as R-2 Certificates will be designated the single class of "residual interestinterests" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier such REMIC Regular Interests. The Upper-Tier REMIC will consist for purposes of the Lower-Tier REMIC Regular Interests Provisions (as defined herein). On the Startup Day, all the Classes of Certificates except for the Class R-1 and proceeds thereof in the Distribution Account and Class R-2 Certificates will be evidenced by the Regular Certificates (which will represent the designated "regular interests" in the Upper-Tier REMIC) REMIC I and the Class UR Interest as R-1 Certificates will be designated the single class of "residual interestinterests" in such REMIC for purposes of the Upper-Tier REMICREMIC Provisions. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1parties hereto agree as follows:

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The shall be treated as three real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the REMIC," respectively, and each a "REMIC"). The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as shall be the single "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The Uncertificated Lower-Tier Interests shall constitute the assets of the Middle-Tier REMIC. The Trustee will hold the LowerUncertificated Middle-Tier REMIC Regular InterestsInterests shall constitute the "regular interests" and the Class MR Interest shall be the "residual interest" in the Middle-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the assets of the Upper-Tier REMIC will consist REMIC. The Senior Certificates (other than the Class 2-A-R Certificate, the Class 30-IO Certificates, the Class 30-PO Certificates and the rights of the LowerClass 2-Tier REMIC A-1, Class 3-A-12 and Class 4-A-1 Certificates to receive amounts from the related Reserve Fund), the Components and the Class B Certificates are referred to collectively as the "Regular Interests Certificates" and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the shall constitute "regular interests" in the Upper-Tier REMIC) REMIC for purposes of the REMIC Provisions. The Class UR Interest shall be the "residual interest" in the Upper-Tier REMIC for purposes of the REMIC Provisions. The Class 2-A-R Certificate shall represent beneficial ownership of the Class LR Interest, the Class MR Interest and the Class UR Interest as the single "residual interest" Interest. The portion of the UpperTrust Estate consisting of the Reserve Funds, the Yield Maintenance Agreements and the rights of the Class 2-Tier REMICA-1, Class 3-A-12 and Class 4-A-1 Certificates to receive amounts from the related Reserve Fund shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Integral Certificate Multiples Balance or Pass-Through Minimum in Excess Classes Notional Amount Rate Denomination of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Minimum ------- --------------- ---- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1----------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for For federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting purposes, the Trust Fund (other than the Lower-Tier REMIC Regular Interests Supplemental Loan Account and proceeds thereof the Capitalized Interest Account) will consist of two real estate mortgage investment conduits (each a "REMIC" or, in the Distribution Account) alternative, the "Subsidiary REMIC," and will be evidenced by the Lower"Master REMIC," respectively). Each Certificate, other than the Class A-Tier REMIC Regular Interests (which will be uncertificated and R Certificate, will represent the "ownership of one or more regular interests" interests in the LowerMaster REMIC for purposes of the REMIC Provisions. The Class A-Tier R Certificate represents ownership of the sole class of residual interest in the Subsidiary REMIC) , and the Class LR Interest as the single "residual interest" in the Lower-Tier Master REMIC. The Trustee Master REMIC will hold as assets the Lowerseveral classes of uncertificated Subsidiary REMIC Interests (other than the Class SR-Tier REMIC Regular InterestsA-R Interest). The Upper-Tier Subsidiary REMIC will consist hold as assets all property of the LowerTrust Fund other than the Supplemental Loan Account and the Capitalized Interest Account. Each Subsidiary REMIC Interest (other than the Class SR-Tier REMIC Regular Interests and proceeds thereof A-R Interest) is hereby designated as a regular interest in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier Subsidiary REMIC. The "latest possible maturity date" for federal income tax purposes date of all REMIC regular interests created hereby will herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS================== ===================== ================= =================== ================== Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Integral Initial Class Rate Minimum Multiples in Class Designation Certificate Balance (per annum) Denomination Excess of Minimum ------------------ --------------------- ----------------- ------------------- ------------------ Class 1-A-1 $ 228,683,000 6.00$514,096,000.00 5.25% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 2-A-1 $ 92,906,000 5.00$103,069,000.00 4.50% $ 25,000 $1 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 125,000,000.00 5.50% $ 25,000 $1 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 63-A-2 $ 7,778,000 6.00$14,872,000.00 5.50% $ 25,000 $1 1,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 63-A-3 $ 3,526,000 6.00$204,000.00 5.50% $ 25,000 $1 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 6-A-4 $ 2,627,000 6.00% $ 25,000 PO $1 4,966,243.00 (1) $25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class 6-A-IO (2R(2) 6.00$100.00 5.25% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 (3) ------------------ --------------------- ----------------- ------------------- ------------------ Class M $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X 11,805,000.00 (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 25,000.00 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class B-1 $ 15,884,000 $5,115,500.00 (8) $ 25,000 4) $1 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class B-2 $ 7,220,000 $3,148,000.00 (8) $ 25,000 4) $1 25,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class B-3 $ 4,332,000 $1,574,000.00 (8) $ 25,000 4) $1 100,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class B-4 $ 2,311,000 $1,547,000.00 (8) $ 25,000 4) $1 100,000.00 $1,000.00 ------------------ --------------------- ----------------- ------------------- ------------------ Class B-5 $ 2,599,000 $1,576,156.12 (8) $ 25,000 4) $1 Class B-6 $ 2,312,102 (8) $ 25,000 100,000.00 $11,000.00 ================== ===================== ================= =================== ==================

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as a two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class CB-IO, Class 15-IO, Class A-PO, Class 1-CB-R and Class 1-▇▇-▇▇ Certificates) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 3-A-PO Component and Class 4-A-PO Component (the "Class A-PO Components" or "PO Components"), the Class 1-CB-IO Component and Class 2-CB-IO Component (the "Class CB-IO Components"), and the Class 3-15-IO Component and Class 4-15-IO Component (the "Class 15-IO Components" and together with the Class CB-IO Components, the "IO Components" and collectively with the PO Components, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-CB-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class LR Interest as 1-▇▇-▇▇ Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Integral Multiples Certificate Balance Pass-Through Minimum in Excess of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Classes or Notional Amount Rate Denomination Minimum ------------- ------------------- ------------ ------------ ------------ ------------- ------------------ Class 1-A-1 $ 228,683,000 6.00CB-1 $17,960,000.00 5.500% $ 25,000 $1,000 $1 Class A1-R(1) $ 100 6.00CB-2 $130,230,000.00 5.500% $ 100 $1,000 $1 Class 1-CB-3 $19,364,000.00 5.500% $1,000 $1 Class 1-CB-4 $7,360,000.00 5.500% $1,000 $1 Class 1-CB-5 $367,000.00 5.500% $1,000 $1 Class 1-CB-R $50 5.500% $50 N/A Class 1-▇▇-▇▇ $50 5.500% $50 N/A Class 2-A-1 $ 92,906,000 5.00CB-1 $25,309,000.00 6.000% $ 25,000 $1,000 $1 Class CB-IO $11,940,127.00 (1) $1,000,000 $1 Class 3-A-1 $ 58,512,000 7.00$25,974,000.00 5.000% $ 25,000 $1,000 $1 Class 4-A-1 $ 62,561,000 6.50$28,143,000.00 5.500% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 1,000 $1 Class 15-IO $1,081,757.00 (2) $1,081,757.00 N/A Class A-X PO $672,363.00 (43) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 $5,202,000.00 (8) $ 4) $25,000 $1 Class B-2 $ 7,220,000 $2,134,000.00 (8) $ 4) $25,000 $1 Class B-3 $ 4,332,000 $1,200,000.00 (8) $ 4) $25,000 $1 Class B-4 $ 2,311,000 $1,067,000.00 (8) $ 4) $25,000 $1 Class B-5 $ 2,599,000 $800,000.00 (8) $ 4) $25,000 $1 Class B-6 $ 2,312,102 $934,376.00 (8) $ 4) $25,000 $1 Initial Component Balance or Integral Multiples Component Notional Pass-Through Minimum In Excess Of Components Amount Rate Denomination Minimum ------------- ------------------- ------------ ------------- ------------------ Class 1-A-PO $203,042 (5) N/A N/A Class 3-A-PO $267,598 (5) N/A N/A Class 4-A-PO $201,723 (5) N/A N/A Class 1-CB-IO $10,337,985 5.500% N/A N/A Class 2-CB-IO $1,602,142 5.500% N/A N/A Class 3-15-IO $639,172 5.500% N/A N/A Class 4-15-IO $442,585 5.500% N/A N/A ------------

PRELIMINARY STATEMENT. The Depositor Company at the Closing Date is the owner of the Trust Fund that is hereby Mortgage Loans and the other property being conveyed by it to the Trustee for inclusion in return the Trust Fund. On the Closing Date, the Company will acquire the Certificates from the REMIC I Trust Fund as consideration for its transfer to the Trust Fund of the Mortgage Loans and certain other assets and will be the owner of the Certificates. The Company has duly authorized the execution and delivery of this Agreement to provide for the conveyance to the Trustee of the Mortgage Loans and the issuance to the Company of the Certificates representing in the aggregate the entire beneficial ownership of REMIC I. All covenants and agreements made by the Company and the Trustee herein with respect to the Mortgage Loans and the other property constituting the assets of REMIC I are for the benefit of the Holders from time to time of the Certificates. The Company is entering into this Agreement, and the Trustee is accepting the trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated July 26, 2000, and a Prospectus Supplement, dated September 27, 2000, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated September 29, 2000. The Trust Fund is being conveyed intended to be the Trustee "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to create a trust be the "Certificates" described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the benefit of the Certificateholders. The Trust Fund Certificates: REMIC I Interests REMIC I Class Designation for federal income tax purposes will consist of two REMICs. The Lower-Tier each REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) Interest and the Class LR R-1 Type of Remittance Initial Class Final Maturity Certificates Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Rate (1) Principal Balance Date* ----------------- -------- ------------- ----------------- -------------- Class A-1 Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO Variable (2) 6.00% $ 100,000 $1 152,672,000.00 May 2040 Class 6-A-PO $ 86,960 X Regular Variable (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 ------ May 2040 Class B-1 $ 15,884,000 Regular Variable (8) $ 25,000 $1 2) 4,093,000.00 May 2040 Class B-2 $ 7,220,000 Regular Variable (8) $ 25,000 $1 2) 2,046,600.00 May 2040 Class B-3 $ 4,332,000 Regular Variable (8) $ 25,000 $1 2) 1,637,200.00 May 2040 Class B-4 $ 2,311,000 Regular Variable (8) $ 25,000 $1 2) 1,555,400.00 May 2040 Class B-5 $ 2,599,000 Regular Variable (8) $ 25,000 $1 2) 818,600.00 May 2040 Class B-6 $ 2,312,102 Regular Variable (8) $ 25,000 $12) 900,638.01 May 2040 Class R+ Residual Variable (2) 50.00 May 2040 * The Distribution Date in the month following the month the latest maturing Mortgage Loan matures. + The Class R Certificates are entitled to receive the Residual Distribution Amount and any Excess Liquidation Proceeds.

PRELIMINARY STATEMENT. The Depositor is intends to sell Certificates, to be issued hereunder in multiple Classes, which in the owner aggregate will evidence the entire beneficial ownership interest in the Trust to be created hereunder. As provided herein, the Certificate Administrator will elect that two segregated pools of assets within the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit (exclusive of the Certificateholders. The Trust Fund Excess Interest and the Excess Interest Distribution Account) be treated for federal income tax purposes as two separate real estate mortgage investment conduits ("REMIC I" and "REMIC II", respectively). REMIC I As provided herein, the Certificate Administrator will consist elect to treat the segregated pool of two REMICsassets consisting of the Mortgage Loans (exclusive of Excess Interest) and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes and such segregated asset pool will be designated as "REMIC I". The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in listed below under the Distribution Account) and will be evidenced by the Lower-Tier heading "Corresponding REMIC I Regular Interests (which will be uncertificated and will represent the Interests" constitute "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates constitute the single sole Class of "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" REMIC I created hereunder for purposes of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity DateREMIC Provisions. The following table sets forth characteristics the Class or Component designation, the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest"), and the Corresponding Components of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of Class XW Certificates for each Class of the REMIC II Regular Certificates may be issued in a different amount(the "Corresponding Certificates"): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSCorresponding Corresponding Components of Corresponding REMIC I Regular REMIC I Class XW Certificates Interests(1) Principal Balance Certificates(1) ------------- --------------- ----------------- --------------- Class A-1 LA-1 $ 28,873,000 XA-1 Class A-2 ▇▇-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ ▇ $ 76,020,000 XA-2 Class 1A-3 ▇▇-A-1 ▇ $ 228,683,000 6.00% 75,846,000 XA-3 Class A-4A ▇▇-▇▇ $ 25,000 $1 134,000,000 XA-4A Class A-4B LA-4B $ 806,996,000 XA-4B Class A-4BF ▇▇-▇▇▇ $ 20,000,000 XA-4BF Class A-1A ▇▇-▇▇ $ 429,430,000 XA-1A Class A-R(1) SM LA-SM $ 100 6.00% $ 100 N/A 70,350,000 XA-SM Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% M LA-M $ 100,000 $1 234,502,000 XA-M Class 6-A-PO J LA-J $ 86,960 (3) 99,663,000 XA-J Class B LB $ 100,000 $1 32,244,000 XB Class 7-A-1 C LC $ 39,023,000 7.00% 29,312,000 XC Class D LD $ 25,000 $1 23,450,000 XD Class 15-A-X (4) 6.00% E LE $ 100,000 $1 23,450,000 XE Class 15-PO F LF $ 572,366 (5) 26,381,000 XF Class G LG $ 100,000 $1 23,450,000 XG Class 30-A-X (6) 6.50% H LH $ 25,000 $1 29,312,000 XH Class 30-PO J LJ $ 1,924,413 (7) 29,312,000 XJ Class K LK $ 25,000 $1 29,312,000 XK Class B-1 L LL $ 15,884,000 (8) 8,793,000 XL Class M LM $ 25,000 $1 8,793,000 XM Class B-2 N LN $ 7,220,000 (8) 8,793,000 XN Class O LO $ 25,000 $1 5,862,000 XO Class B-3 P LP $ 4,332,000 (8) 8,793,000 XP Class Q LQ $ 25,000 $1 11,725,000 XQ Class B-4 S LS $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $170,362,732 XS ----------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold the Lower-Tier Uncertificated REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC II Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as R-II Certificates will be the single sole class of "residual interestinterests" in REMIC II for purposes of the Upper-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC II Regular Interests will be designated as "REMIC III" and the REMIC Administrator will make a separate REMIC election with respect thereto. The Class I-A Certificates, Class I-X Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class III-A-1 Certificates, Class III-A-2 Certificates, Class IV-A-1 Certificates, Class IV-A-2 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates and Class B-3 Certificates, will be "regular interests" in REMIC III and the Class R-III Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of this Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass-Through Rate, the initial Uncertificated Principal Balance, and for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. Initial Uncertificated REMIC Uncertificated Latest Designation I Pass-Through Rate Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) --------------------------------------------- -------------------- ----------------- -------------------- Uncertificated REMIC I Regular Interest I-A Variable(2) $350.59 August 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS2036 Uncertificated REMIC I Regular Interest I-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1B Variable(2) $8,248.49 August 25, 2036 Uncertificated REMIC I Regular Interest II-A-1 $ 228,683,000 6.00% $ 25,000 A Variable(2) $1 Class A2,029.96 August 25, 2036 Uncertificated REMIC I Regular Interest II-R(1B Variable(2) $ $47,762.16 August 25, 2036 Uncertificated REMIC I Regular Interest III-A Variable(2) $512.06 August 25, 2036 Uncertificated REMIC I Regular Interest III-B Variable(2) $12,048.56 August 25, 2036 Uncertificated REMIC I Regular Interest IV-A Variable(2) $470.58 August 25, 2036 Uncertificated REMIC I Regular Interest IV-B Variable(2) $11,071.98 August 25, 2036 Uncertificated REMIC I Regular Interest ZZZ Variable(2) $791,248,949.62 August 25, 2036 Uncertificated REMIC I Regular Interest R-II Variable(2) $100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1August 25, 2036

PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the Trust Fund that is hereby conveyed to aggregate will evidence the Trustee entire beneficial ownership interest in return for the Certificateseach REMIC (as defined herein) created hereunder. The Trust Fund is being conveyed will consist of a segregated pool of assets comprising of the Mortgage Loans, the Pre-Funding Account and the Interest Coverage Account and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to create a trust for treat the benefit segregated pool of assets consisting of the Certificateholders. The Trust Fund Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount, the Pre-Funding Account and the Interest Coverage Account) subject to this Agreement as a REMIC for federal income tax purposes will consist purposes, and such segregated pool of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lowerdesignated as "REMIC I." The Class R-Tier REMIC Regular Interests (which I Certificates will be uncertificated and will represent the sole class of "regular residual interests" in REMIC I for purposes of the Lower-Tier REMIC) and the Class LR Interest REMIC Provisions (as the single "residual interest" in the Lower-Tier REMICdefined herein). The Trustee will hold following table irrevocably sets forth the Lower-Tier designation, the REMIC Regular Interests. The Upper-Tier REMIC will consist I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes each of all interests created hereby the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be the certificated. Latest Possible REMIC I Initial Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable Date (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS1) Remittance Rate Uncertificated Balance ----------------- --------------- ---------------------- I-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1LT1 Variable(2) I-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class ALT2 Variable(2) I-R(1LT3 Variable(2) $ 100 6.00% $ 100 N/A Class 2I-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3LT4 Variable(2) I-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4LT5 Variable(2) I-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5LT6 Variable(2) I-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6LT7 Variable(2) I-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 LTP (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1)

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R Certificate) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Class R-U Interest shall be the sole "residual interest" in the Upper-Tier REMIC. The Class LR R-M Interest as shall be the single sole "residual interest" in the Middle-Tier REMIC. The Class R-L Interest shall be the sole "residual interest" in the Lower-Tier REMIC▇▇▇IC. The Trustee will hold Class 1-A-R Certificate shall represent ownership of the Class R-U Interest, the Class R-M Interest and the Class R-L Interest. The Certificates, the Uncertificated Middle-Tier Intere▇▇▇ and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations Denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1issuable:

PRELIMINARY STATEMENT. The Depositor is As provided herein, the owner of Trust Administrator shall elect that the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit (exclusive of the Certificateholders. The Trust Fund Interest Rate Cap Account, the Interest Rate Cap Agreements and the Basis Risk Reserve Fund) be treated for federal income tax purposes will consist as comprising two real estate mortgage investment conduits (each a “REMIC” or, in the alternative, “Subsidiary REMIC” and “Master REMIC”). Each Class of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (Certificates, other than the Lower-Tier REMIC Regular Interests Class R Certificates and proceeds thereof exclusive of the right to receive Basis Risk Shortfalls in the Distribution Account) and will be evidenced by case of each Certificate other than the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "Class X, Class PO-1, Class PO-2, or Class R Certificates, represents ownership of a regular interests" interest in the Lower-Master REMIC for purposes of the REMIC Provisions. The Class R Certificates represent ownership of the sole class of residual interest in each REMIC for purposes of the REMIC Provisions. The Master REMIC shall hold as its assets the several classes of uncertificated Lower Tier Interests in the Subsidiary REMIC) and , other than the Class LR LT1-R Interest, and each such Lower Tier Interest is hereby designated as the single "residual interest" a regular interest in the Lower-Tier Subsidiary REMIC. The Trustee will Subsidiary REMIC shall hold as its assets the Lower-Tier REMIC Regular InterestsMortgage Loans, and all collections and accounts related thereto. The Upper-Tier startup day for each REMIC will consist created hereby for purposes of the Lower-Tier REMIC Regular Interests and proceeds thereof in Provisions is the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" Closing Date. In addition, for purposes of the Upper-Tier REMIC. The "REMIC Provisions, the latest possible maturity date" date for federal income tax purposes of all interests each regular interest in each REMIC created hereby will be is the Latest Possible Maturity Distribution Date following the third anniversary of the scheduled maturity date of the Mortgage Loan having the latest scheduled maturity date as of the Cut-off Date. The following table sets forth characteristics of (or describes) the Certificatesclass designation, together with interest rate, and initial principal amount for each uncertificated REMIC interest in the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable Subsidiary REMIC: LT1-A1A $ 116,120,000.00 (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS1) A-1-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class A LT1-A1B $ 7,870,000.00 (1) A-1-A-1 B LT1-A2A $ 228,683,000 6.00% 58,484,000.00 (1) A-2-A LT1-A2B $ 25,000 $1 Class A3,965,000.00 (1) A-2-R(1B LT1-A3A $ 11,275,000.00 (1) A-3-A LT1-A3B $ 100 6.00% 762,500.00 (1) A-3-B LT1-A4A $ 100 11,750,000.00 (1) A-4-A LT1-A4B $ 29,955,000.00 (1) A-4-B LT1-A5 $ 14,897,000.00 (1) A-5 LT1-A6A $ 42,416,500.00 (1) A-6-A LT1-A6B $ 6,170,000.00 (1) A-6-B LT1-M1 $ 7,620,000.00 (1) M-1 LT1-M2 $ 5,190,000.00 (1) M-2 LT1-M3 $ 2,107,000.00 (1) M-3 LT1-M4 $ 1,135,000.00 (1) M-4 LT-M5 $ 1,620,000.00 (1) M-4 LT1-Q $ 327,172,965.46 (1) N/A Class 2LT1-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO R (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (32) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A ________________

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. DESIGNATION Uncertificated Initial Uncertificated Latest REMIC I Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) Pass-Through Rate REMIC I Regular Interest W 4.00% $36,709,062.00 February 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.002034 REMIC I Regular Interest X 5.25% $ 25,000 $1 Class A-R(1) $ 100 6.00254,186,233.57 February 25, 2034 REMIC I Regular Interest Y 8.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00$16,685,937.00 February 25, 2034 REMIC I Regular Interest Z 0.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-116,391.87 February 25, 2034 REMIC I IO Regular Interests (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1February 25, 2034 -------------------

PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the Trust Fund that is hereby conveyed to aggregate will evidence the Trustee entire beneficial ownership interest in return for the Certificateseach REMIC (as defined herein) created hereunder. The Trust Fund is being conveyed will consist of a segregated pool of assets comprising of the Mortgage Loans, the Pre-Funding Account and the Interest Coverage Account and certain other related assets subject to this Agreement. As provided herein, the Trustee will elect to create a trust for treat the benefit segregated pool of assets consisting of the Certificateholders. The Trust Fund Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount, the Pre-Funding Account and the Interest Coverage Account) subject to this Agreement as a REMIC for federal income tax purposes will consist purposes, and such segregated pool of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lowerdesignated as "REMIC I." The Class R-Tier REMIC Regular Interests (which I Certificates will be uncertificated and will represent the sole class of "regular residual interests" in REMIC I for purposes of the Lower-Tier REMIC) and the Class LR Interest REMIC Provisions (as the single "residual interest" in the Lower-Tier REMICdefined herein). The Trustee will hold following table irrevocably sets forth the Lower-Tier designation, the REMIC Regular Interests. The Upper-Tier REMIC will consist I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. Designation REMIC I Initial Latest Possible MATURITY DATE(1) REMITTANCE RATE UNCERTIFICATED BALANCE ---------------- --------------- ---------------------- I-LT1 Variable(2) I-LT2 Variable(2) I-LT3 Variable(2) I-LT4 Variable(2) I-LT5 Variable(2) I-LT6 Variable(2) I-LT7 Variable(2) I-LTP Variable(2) _________________________ (1) Solely for purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics Section 1.860G-1(a)(4)(iii) of the CertificatesTreasury regulations, together the Distribution Date immediately following the maturity date for the Mortgage Loan with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1REMIC I Regular Interest.

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the Latest Possible Maturity Datecertificated. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): UNCERTIFICATED INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES UNCERTIFICATED LATEST REMIC-I-PASS PRINCIPAL-BALANCE OR PASSPOSSIBLE-MATURITY(1) DESIGNATION THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00Uncertificated REMIC I 6.75% $ 25,000 $1 Class A-R(1) $ 100 6.0083,307,896.81 September 25, 2031 Regular Interest Q Uncertificated REMIC I 8.50% $ 100 N/A Class 2-A-1 $ 92,906,000 5.0050,176,000.00 September 25, 2031 Regular Interest R Uncertificated REMIC I 6.25% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 35,000,000.00 September 25, 2031 Regular Interest S Uncertificated REMIC I 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.502,000,000.00 September 25, 2031 Regular Interest T Uncertificated REMIC I 6.25% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00139,616,000.00 September 25, 2031 Regular Interest V Uncertificated REMIC I 0.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 344,376.29 September 25, 1031 Regular Interest W Uncertificated REMIC I Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1September 25, 2031 IO Regular Interests __________________

PRELIMINARY STATEMENT. The Depositor Company at the Closing Date is the owner of the Trust Fund that is hereby Mortgage Loans and the other property being conveyed by it to the Trustee in return Trust. On the Closing Date, the Company will acquire the Certificates from the Trust as consideration for its transfer to the Trust of the Mortgage Loans and certain other assets and will be the owner of the Certificates. The Trust Fund is being conveyed Company has duly authorized the execution and delivery of this Agreement to provide for (i) the conveyance to the Trustee to create a trust for the benefit Trust of the CertificateholdersMortgage Loans and certain other assets and (ii) the issuance to the Company of the Certificates, representing in the aggregate the entire beneficial interest in REMIC I. The Company is entering into this Agreement, and the Trustee and the Delaware Trustee are each accepting the trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to a Prospectus, dated July 23, 2002, and a Prospectus Supplement, dated July 24, 2002, of the Company (together, the "Prospectus"). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated July 26, 2002. The Trust Fund created hereunder is intended to be the "Trust" described in the Prospectus and the Private Placement Memorandum and the Certificates are intended to be the "Certificates" described therein. The following table sets forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the Certificates: REMIC I Interests Class Designation for Certificate Initial Class each Class of Type of Interest Principal Final Maturity Certificates Interest Rate (1) Balance Date* --------------------- -------- ------------ --------------- -------------- Class I-A Regular Variable (2) $835,471,000.00 August 2042 Class II-A Regular Variable (3) 596,568,000.00 August 2042 Class I-B-1 Regular Variable (2) 13,088,000.00 August 2042 Class I-B-2 Regular Variable (2) 6,544,000.00 August 2042 Class I-B-3 Regular Variable (2) 6,544,000.00 August 2042 Class I-B-4 Regular Variable (2) 5,671,000.00 August 2042 Class I-B-5 Regular Variable (2) 1,745,000.00 August 2042 Class I-B-6 Regular Variable (2) 3,491,685.81 August 2042 Class II-B-1 Regular Variable (3) 9,370,000.00 August 2042 Class II-B-2 Regular Variable (3) 5,309,000.00 August 2042 Class II-B-3 Regular Variable (3) 4,060,000.00 August 2042 Class II-B-4 Regular Variable (3) 5,622,000.00 August 2042 Class II-B-5 Regular Variable (3) 1,249,000.00 August 2042 Class II-B-6 Regular Variable (3) 2,500,623.78 August 2042 Class R (4) Residual Variable (2) 100.00 August 2042 ---------- * The Distribution Date in the specified month, which is the month following the month the latest maturing Mortgage Loan matures. For federal income tax purposes will consist purposes, for each Class of two REMICs. The Lower-Tier REMIC will consist of all of I Regular and Residual Interests, the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will shall be the Latest Possible Final Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1.

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class A-19, Class A-R and Class A-LR Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class A-19 PAC IO Component, the Class A-19 PAC I Component, the Class A-19 TAC IO Component and the Class A-19 TAC Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ =================================================================================================== Integral Initial Class 1-Pass- Multiples Certificate Balance or Through Minimum in Excess Classes Notional Amount Rate Denomination of Minimum --------------------------------------------------------------------------------------------------- Class A-1 $ 228,683,000 6.0059,653,000.00 7.125% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-R(1) A-2 $ 100 6.0021,960,000.00 7.125% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 3-A-1 A-3 $ 58,512,000 7.0011,000,000.00 7.125% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 4-A-1 A-4 $ 62,561,000 6.50113,007,000.00 7.125% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 5-A-1 A-5 $ 14,495,000 5.501,800,000.00 8.000% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-1 A-6 $ 30,282,000 6.0012,100,000.00 8.000% $1,000 $1,000 --------------------------------------------------------------------------------------------------- Class A-7 $ 25,000 8,200,000.00 8.000% $1,000 $1,000 --------------------------------------------------------------------------------------------------- Class A-8 $ 8,265,000.00 8.000% $1,000 $1,000 --------------------------------------------------------------------------------------------------- Class A-9 $ 13,892,000.00 7.500% $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-2 A-10 $ 7,778,000 6.006,288,000.00 7.500% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-3 A-11 $ 3,526,000 6.004,944,000.00 7.500% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-4 A-12 $ 2,627,000 6.002,360,000.00 7.500% $ 25,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-IO (2) 6.00A-13 $ 6,476,000.00 7.500% $ 100,000 $1,000 $1 --------------------------------------------------------------------------------------------------- Class 6-A-14 $ 9,662,000.00 7.500% $1,000 $1,000 --------------------------------------------------------------------------------------------------- Class A-15 $ 4,378,000.00 7.500% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-16 $ 15,900,000.00 8.000% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-17 $ 3,735,000.00 8.000% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-18 $ 2,000,000.00 7.500% $1,000 $1,000 --------------------------------------------------------------------------------------------------- Class A-19 $ 61,997,250.00 (1) $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-20 $ 10,011,000.00 7.750% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-21 $ 116,788,000.00 7.500% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-22 $ 8,319,085.00 7.750% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-23 $ 3,810,750.00 7.125% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-24 $ 1,025,000.00 7.750% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-25 $ 75,018,000.00 7.125% $1,000 $1 --------------------------------------------------------------------------------------------------- Class A-PO $ 86,960 1,747,362.00 (32) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 --------------------------------------------------------------------------------------------------- Class 15-A-X (4) 6.00R $ 50.00 7.750% $ 100,000 $1 50 N/A --------------------------------------------------------------------------------------------------- Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50LR $ 50.00 7.750% $50 N/A --------------------------------------------------------------------------------------------------- Class B-1 $ 12,901,000.00 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Class 30-PO B-2 $ 1,924,413 (7) $ 4,501,000.00 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Class B-1 B-3 $ 15,884,000 (8) $ 2,701,000.00 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Class B-2 B-4 $ 7,220,000 (8) $ 1,501,000.00 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Class B-3 B-5 $ 4,332,000 (8) $ 1,201,000.00 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Class B-4 B-6 $ 2,311,000 (8) $ 1,200,149.53 7.750% $25,000 $1 --------------------------------------------------------------------------------------------------- Components Initial Component Component Balance or Notional Rate Amount --------------------------------------------------------------------------------------------------- Class B-5 A-19 PAC IO $ 2,599,000 (8) 15,181,156.93 7.750% N/A N/A --------------------------------------------------------------------------------------------------- Class A-19 PAC I $ 25,000 $1 6,954,250.00 7.125% N/A N/A --------------------------------------------------------------------------------------------------- Class B-6 A-19 TAC IO $ 2,312,102 (8) 3,767,354.84 7.750% N/A N/A --------------------------------------------------------------------------------------------------- Class A-19 TAC $ 25,000 $155,043,000.00 7.750% N/A N/A =================================================================================================== ---------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each a "REMIC"). The Class A Certificates (other than the Class A-PO, Class 1-A-R and Class 1-A-LR Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO and Class 2-A-PO Components (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ================= =================== ========== ============= ============ Initial Class Integral Certificate Pass- Multiples Balance or Through Minimum in Excess Classes Notional Amount Rate Denomination of Minimum ----------------- ------------------- ---------- ------------- ------------ Class 1-A-1 $ 228,683,000 6.00$138,606,000.00 6.50% $ 25,000 $1,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 1-A-R(1) $ 100 6.00R $50.00 6.50% $ 100 $50 N/A ----------------- ------------------- ---------- ------------- ------------ Class 1-A-LR $50.00 6.50% $50 N/A ----------------- ------------------- ---------- ------------- ------------ Class 1-A-WIO $100,724,947.00 (1) $10,000,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 2-A-1 $ 92,906,000 5.00$52,525,000.00 6.00% $ $1,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 2-A-WIO $39,637,086.00 (2) $10,000,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class A-PO (3) (3) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 3-A-1 $ 58,512,000 7.00% $ B-1 $2,582,000.00 (4) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class B-2 $1,390,000.00 (4-A-1 $ 62,561,000 6.50% $ ) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 5-A-1 $ 14,495,000 5.50% $ B-3 $894,000.00 (4) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 6-A-1 $ 30,282,000 6.00% $ B-4 $297,000.00 (4) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 6-A-2 $ 7,778,000 6.00% $ B-5 $199,000.00 (4) $25,000 $1 ----------------- ------------------- ---------- ------------- ------------ Class 6-A-3 $ 3,526,000 6.00% $ B-6 $496,814.00 (4) $25,000 $1 ================= =================== ========== ============= ============ Integral Components Initial Pass- Multiples Component Through Minimum In Excess Balance Rate Denomination Of Minimum ----------------- ------------------- ---------- ------------- ------------ Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 61-A-PO $ 86,960 $1,127,280.00 (35) $ 100,000 $1 N/A N/A ----------------- ------------------- ---------- ------------- ------------ Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 152-A-X (4) 6.00% $ 100,000 PO $1 Class 15-PO $ 572,366 443,395.00 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A ----------------- ------------------- ---------- ------------- ------------ ---------------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans but excluding the Yield Maintenance Agreements and any payments thereunder, the related Reserve Fund that is hereby conveyed to and any payments therefrom, the Trustee in return for Initial Monthly Payment Fund and the Certificates. The Grantor Trust, the Grantor Trust Fund is being conveyed to the Trustee to create Account and any assets held therein), as two real estate mortgage investment conduits (each a trust for the benefit of the Certificateholders. The Trust Fund "REMIC") for federal income tax purposes will consist purposes. A segregated pool of two REMICs. The Lower-Tier REMIC will consist of all assets consisting of the Group I Loans, the Group II Loans and the related assets constituting described in the definition of Trust Fund (other than the Lower-Tier Initial Monthly Payment Fund) will be designated as "REMIC I," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Uncertificated REMIC Regular I Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold Class I-A-7, Class I-A-8, Class I-A-10, Class I-A-11, Class I-A-15, Class I-A-18, Class I-A-V, Class I-A-P, Class II-A-3, Class II-A-6, Class II-A-11, Class II-A-15, Class II-A-V, Class II-A-P, Class I-M-1 Certificates, Class I-M-2 Certificates, Class I-M-3 Certificates, Class II-M-1 Certificates, Class II-M-2 Certificates, Class II-M-3 Certificates, Class I-B-1 Certificates, Class I-B-2 Certificates, Class I-B-3 Certificates, Class II-B-1 Certificates, Class II-B-2 Certificates, Class II-B-3 Certificates, the Lower-Tier Grantor Trust Uncertificated REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC II Regular Interests and proceeds thereof in the Distribution Account and Uncertificated REMIC II Regular Interests Z will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as the single "residual interest" of the UpperR-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby II Certificates will be the Latest Possible Maturity Datesole class of "residual interests" therein for purposes of the REMIC Provisions. The Class I-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests Z1 and the Class II-A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests Z2. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of certain features for each Class of Certificates may be issued comprising the interests in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSthe Trust Fund created hereunder. Aggregate Initial Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Certificate Maturity Minimum Designation Rate Principal Balance Features(1) Date Moody/S&P/Fitch Denominati▇▇▇(▇) Class 1I-A-1 $ 228,683,000 6.00% $ 25,000 $1 115,824,000 Senior/PAC/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class AI-R(1) $ 100 A-2 6.00% $ 100 N$100,170,000 Senior/A PAC/Exchangeable/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class 2I-A-3 6.00% $70,000,000 Senior/PAC/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Super Senior/Lockout/ Class I-A-4 6.00% $69,738,000 Exchangeable/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-5 6.00% $22,000,000 Senior/PAC/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-6(3) Variable $67,500,000 Floater/Accretion Directed/ June 2037 $100,000.00 Exchangeable/Adjustable Rate NA/AAA/AAA Class I-A-7 6.00% Senior/Accrual/Accretion June 2037 $1000.00 $1,000 Directed/Companion/Fixed Rate NA/AAA/AAA Class I-A-8 6.00% Senior/Accrual/ June 2037 $1000.00 $1,000 Companion/Fixed Rate NA/AAA/AAA Class I-A-9 6.00% $15,654,000 Senior/PAC/Exchangeable/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-10 6.00% $43,184,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-11 6.00% $59,285,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-12 6.00% $23,824,000 Senior/PAC/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-13 Variable Notional Senior/Inverse Floater/Interest June 2037 $1,000,000.00 Only/Exchangeable/Adjustable Rate Aaa/AAA/AAA Class I-A-14 6.00% $72,456,000 Senior/Lockout/ June 2037 $100,000.00 Exchanged/Fixed Rate Aaa/AAA/AAA Class I-A-15 6.00% $14,555,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-16 6.00% $96,413,000 Super Senior/PAC/ June 2037 $100,000.00 Exchanged/Fixed Rate NA/AAA/AAA Class I-A-17(4) Variable Super Senior/TAC/Floater/ June 2037 $100,000.00 $67,500,000 Exchanged/Adjustable Rate Aaa/AAA/AAA Class I-A-18 6.00% $2,631,000 Senior Support/Lockout/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-19 6.00% Senior Support/Lockout/ June 2037 Aaa/AAA/AAA $100,000.00 $2,718,000 Exchangeable/Fixed Rate Class I-A-20 6.00% Senior Support/PAC/ June 2037 NA/AAA/AAA $100,000.00 $3,757,000 Exchanged/Fixed Rate Class II-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 60,000,000 Senior/Exchangeable/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class 6II-A-2 $ 7,778,000 6.00% $ 25,000 Senior/Lockout/ June 2037 $1 100,000.00 $52,190,000 Exchanged/Fixed Rate Aaa/AAA/AAA Class 6II-A-3 $ 3,526,000 6.00% $ 25,000 $1 11,225,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class 6II-A-4 $ 2,627,000 6.00% $ 25,000 Super Senior/Lockout/ June 2037 Aaa/AAA/AAA $1 100,000.00 $50,233,000 Exchangeable/Fixed Rate Class 6II-A-5(5) Variable Super Senior/Floater/ June 2037 $100,000.00 $95,000,000 Exchangeable/Adjustable Rate Aaa/AAA/AAA Class II-A-6 6.00% $38,889,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-7 Variable Senior/Inverse Floater/Interest June 2037 $1,000,000.00 Notional Only/Exchangeable/Adjustable Rate Aaa/AAA/AAA Class II-A-8 6.00% $44,211,000 Senior/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-9 6.00% $15,789,000 Senior/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-10(6) Variable Senior/Floater/ June 2037 $100,000.00 $95,000,000 Exchanged/Adjustable Rate Aaa/AAA/AAA Class II-A-11 6.00% $35,000,000 Senior/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-12 6.00% $57,750,000 Super Senior/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-13 6.00% $2,250,000 Senior Support/Exchanged/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class II-A-14 6.00% $1,957,000 Senior Support/Lockout/ June 2037 NA/AAA/AAA $100,000.00 Exchangeable/Fixed Rate Class II-A-15 6.00% $7,838,000 Senior Support/Lockout/Fixed Rate June 2037 NA/AAA/AAA $100,000.00 Class I-A-IO (2) 6.00P 0.00% $ 100,000 $1 2,885,993 Senior/Principal Only June 2037 NA/AAA/AAA $1,000,00.00 Class 6I-A-PO $ 86,960 (3) $ 100,000 V Variable Senior/Interest Only/Variable Rate June 2037 $1 2,000,000.00 Rate Notional NA/AAA/AAA Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15II-A-X (4) 6.00P 0.00% $ 100,000 $1 2,684,791 Senior/Principal Only June 2037 NA/AAA/AAA $100,000.00 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30II-A-X (6) 6.50V Variable Senior/Interest Only/Variable Rate June 2037 $2,000,000.00 Rate Notional NA/AAA/AAA Class R-I 6.00% $ 25,000 $1 Class 30-PO $ 1,924,413 100 Senior/Residual/Fixed Rate June 2037 NA/AAA/AAA (7) $ 25,000 Class R-II 6.00% $1 100 Senior/Residual/Fixed Rate June 2037 NA/AAA/AAA (9) Class I-M-1 6.00% $6,879,000 Mezzanine/Fixed Rate June 2037 NA/NA/AA $100,000.00 Class I-M-2 6.00% $2,948,000 Mezzanine/Fixed Rate June 2037 NA/NA/A $250,000.00 Class I-M-3 6.00% $1,769,000 Mezzanine/Fixed Rate June 2037 NA/NA/BBB $250,000.00 Class II-M-1 6.00% $5,506,000 Mezzanine/Fixed Rate June 2037 NA/NA/AA $100,000.00 Class II-M-2 6.00% $2,360,000 Mezzanine/Fixed Rate June 2037 NA/NA/A $250,000.00 Class II-M-3 6.00% $1,416,000 Mezzanine/Fixed Rate June 2037 NA/NA/BBB $250,000.00 Class I-B-1 $ 15,884,000 (8) $ 25,000 6.00% $1 1,179,000 Subordinate/Fixed Rate June 2037 NA/NA/BB $250,000.00 Class I-B-2 $ 7,220,000 (8) $ 25,000 6.00% $1 983,000 Subordinate/Fixed Rate June 2037 NA/NA/B $250,000.00 Class I-B-3 $ 4,332,000 (8) $ 25,000 6.00% $1 982,759 Subordinate/Fixed Rate June 2037 NA/NA/NA $250,000.00 Class B-4 $ 2,311,000 (8) $ 25,000 II-B-1 6.00% $1 944,000 Subordinate/Fixed Rate June 2037 NA/NA/BB $250,000.00 Class B-5 $ 2,599,000 (8) $ 25,000 II-B-2 6.00% $1 787,000 Subordinate/Fixed Rate June 2037 NA/B $250,000.00 Class B-6 $ 2,312,102 (8) $ 25,000 II-B-3 6.00% $1787,003 Subordinate/Fixed Rate June 2037 NA/NA/NA $250,000.00

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans but excluding the Reserve Fund that is hereby conveyed to and the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the Latest Possible Maturity Datecertificated. The following table sets forth characteristics of the CertificatesUNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS---------PRINCIPAL-BALANCE------POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE REMIC I Regular Interest 6.50% $ 161,393,431.00 December 26, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 2031 N REMIC I Regular Interest 7.038% $ 228,683,000 45,754,000.00 December 26, 2031 O REMIC I Regular Interest 10.286% $ 8,000,000.00 December 26, 2031 P REMIC I Regular Interest 6.50% $ 181,082,000.00 December 26, 2031 Q REMIC I Regular Interest 6.50% $ 1,522,000.00 December 26, 2031 S REMIC I Regular Interest 6.50% $ 20,000,000.00 December 26, 2031 T REMIC I Regular Interest 6.50% $ 1,627,000.00 December 26, 2031 V REMIC I Regular Interest 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.0050,000,000.00 December 26, 2031 W REMIC I Regular Interest 7.960% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 27,606,000.00 December 26, 2031 X REMIC I Regular Interest 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.0070,159,000.00 December 26, 2031 Y REMIC I Regular Interest 0.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 4,074,588.35 December 26, 2031 Z REMIC I Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1December 26, 2031 IO Regular Interests

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the Latest Possible Maturity Datecertificated. The following table sets forth characteristics of the CertificatesUNCERTIFICATED INITIAL UNCERTIFICATED LATEST -REMIC-I-PASS---------PRINCIPAL-BALANCE------POSSIBLE-MATURITY(1) DESIGNATION THROUGH RATE --------------------------------------------------------------------------------------------- REMIC I Regular Interest 8.00% $ 53,133,000.00 August 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 2032 U REMIC I Regular Interest 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 159,400,000.00 August 25, 2032 V REMIC I Regular Interest 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50109,076,811.92 August 25, 2032 W REMIC I Regular Interest 6.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.0018,262,000.00 August 25, 2032 X REMIC I Regular Interest 6.50% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.0019,924,000.00 August 25, 2032 Y REMIC I Regular Interest 0.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 1,764,842.21 August 25, 2032 Z REMIC I Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1August 25, 2032 IO Regular Interests -------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class A-LR Interest Certificate as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest A-R Certificate as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS CERTIFICATE INITIAL INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR NOTIONAL PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------------ ------------ ------------ ------------ ------------------ Class 1-A-1 $ 228,683,000 6.00138,112,000 5.5822% (1) $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00103,409,000 5.7500% (2) $ 25,000 $1 Class 2-A-2 (3) 0.2706% (4) $ (5) $1 Class 3-A-1 $ 58,512,000 7.0052,582,000 5.8465% (6) $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50176,882,000 6.2198% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class A-R $ 50 6.2198% (7) $ 50 N/A Class A-LR $ 50 6.2198% (7) $ 50 N/A Class B-1 $ 15,884,000 8,808,000 5.9474% (8) $ 25,000 $1 Class B-2 $ 7,220,000 3,425,000 5.9474% (8) $ 25,000 $1 Class B-3 $ 4,332,000 2,936,000 5.9474% (8) $ 25,000 $1 Class B-4 $ 2,311,000 979,000 5.9474% (8) $ 25,000 $1 Class B-5 $ 2,599,000 979,000 5.9474% (8) $ 25,000 $1 Class B-6 $ 2,312,102 1,223,856.63 5.9474% (8) $ 25,000 $11 Class B-5 $ 979,000 5.9474% (8) $ 25,000 $1 Class B-6 $ 1,223,856.63 5.9474% (8) $ 25,000 $1 ------------------------------------------------------------------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to As provided herein, the Trustee to create a trust for will elect that the benefit of Trust Fund, other than the Certificateholders. The Trust Fund Supplemental Loan Account and Capitalized Interest Account, be treated for federal income tax purposes will consist as comprising of two REMICsreal estate mortgage investment conduits (each a "REMIC" or, in the alternative, the "Subsidiary REMIC," and the "Master REMIC," respectively). The Lower-Tier Subsidiary REMIC will consist of hold as assets all property of the assets constituting the Trust Fund (Fund, other than the Lower-Tier REMIC Regular Interests Supplemental Loan Account and proceeds thereof in the Distribution Capitalized Interest Account) , and will be evidenced by (i) the Lower-Tier Subsidiary REMIC Regular Interests (Interests, which will be uncertificated and will represent the "REMIC regular interests" in the Lower-Tier Subsidiary REMIC, and (ii) and the Class LR Interest as SR-A-R Interest, which will represent the single "REMIC residual interest" in the Lower-Tier Subsidiary REMIC. The Trustee Master REMIC will hold as assets the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier Subsidiary REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates Certificates, each of which (which other than the Class A-R Certificate) will represent the ownership of one or more "REMIC regular interests" in the UpperMaster REMIC. The Class A-Tier REMIC) and R Certificate will represent ownership of the sole Class UR Interest as the single of "REMIC residual interest" in each of the Upper-Tier Subsidiary REMIC and the Master REMIC. The "latest possible maturity date" , for federal income tax purposes purposes, of all REMIC regular interests created hereby will herein shall be the Latest Possible Maturity Date. The following table sets forth characteristics of the Master REMIC Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS===================== ========================== ===================== ======================== ====================== Integral Initial Class Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Multiples Certificate Rate Minimum in Excess of Class Designation Balance (per annum) Denomination Minimum --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-1 $ 228,683,000 6.00$260,000,000.00 4.75% $ 25,000 $1 25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class A1-R(1) $ 100 6.00A-2 $116,658,631.00 4.50% $ 100 N/A $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 1-A-3 $116,658,631.00 5.00% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 2-A-1 $395,101,074.00 4.50% $25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class PO $ 92,906,000 5.00% $ 25,000 781,563.00 (1) $1 25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2R(2) 6.00$ 100.00 4.75% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) (3) --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class M $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X 5,400,000.00 (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 25,000.00 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-1 $ 15,884,000 1,350,000.00 (8) $ 25,000 4) $1 25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-2 $ 7,220,000 1,800,000.00 (8) $ 25,000 4) $1 25,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-3 $ 4,332,000 900,000.00 (8) $ 25,000 4) $1 100,000.00 $1,000.00 --------------------- -------------------------- --------------------- ------------------------ ---------------------- Class B-4 $ 2,311,000 450,000.00 (8) $ 25,000 4) $1 Class B-5 $ 2,599,000 (8) $ 25,000 100,000.00 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $11,000.00 --------------------- -------------------------- --------------------- ------------------------ ----------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC" and "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class SES, Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-SES Component, Class 2-SES Component, Class 3-SES Component and Class 4-SES Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates, the Uncertificated Lower-Tier REMIC Regular Interests. The UpperInterests and the Uncertificated Middle-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class SES, Class CB-R and Class CB-LR Certificates) and the Class B Certificates are referred to collec▇▇▇▇▇y as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class CB-PO Component, Class NC-PO Component, Class 1-SES Component and Class 2-SES Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class CB-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class CB-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMICRE▇▇▇. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Maturity(1) ----------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1------------------------ --------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-26, Class 1-A-R, Class 1-A-LR and Class A-PO Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-26A Component, Class 1-A-26B Component, Class 1-A-PO Component and Class 2-A-PO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) ----------- ------------ ------------------------ -------------------- Uncertificated REMIC I 6.75% $84,727,000.00 May 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.002031 Regular Interest R Uncertificated REMIC I 6.75% $13,107,000.00 May 25, 2031 Regular Interest S Uncertificated REMIC I 6.75% $88,918,595.00 May 25, 2031 Regular Interest T Uncertificated REMIC I 6.75% $86,272,000.00 May 25, 2031 Regular Interest V Uncertificated REMIC I 0.00% $ 25,000 $1 Class A-R(1) $ 100 6.002,022,405.00 May 25, 2031 Regular Interest W Uncertificated REMIC I 6.75% $ 100 N/A Class 2-A-1 $ 92,906,000 5.009,256,275.40 May 25, 2031 Regular Interest X Uncertificated REMIC I 0% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 482,602.33 May 25, 2031 Regular Interest Y Uncertificated REMIC I Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1May 25, 2031 IO Regular Interests -------------------

PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the Trust Fund that is hereby conveyed to aggregate will evidence the Trustee entire beneficial ownership interest in return for the Certificateseach REMIC (as defined herein) created hereunder. The Trust Fund is being conveyed will consist of a segregated pool of assets consisting of the Mortgage Loans and certain other related assets subject to this Agreement. REMIC I ------- As provided herein, the Trustee will elect to create a trust for treat the benefit segregated pool of assets consisting of the Certificateholders. The Trust Fund Mortgage Loans and certain other related assets (other than any Master Servicer Prepayment Charge Payment Amounts, the Pre-Funding Accounts, the Interest Coverage Accounts, any Subsequent Mortgage Loan Interest, the Net WAC Rate Carryover Reserve Account and the Cap Contracts) subject to this Agreement as a REMIC for federal income tax purposes will consist purposes, and such segregated pool of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lowerdesignated as "REMIC I." The Class R-Tier REMIC Regular Interests (which I Interest will be uncertificated and will represent the sole class of "regular residual interests" in REMIC I for purposes of the Lower-Tier REMIC) and the Class LR Interest REMIC Provisions (as the single "residual interest" in the Lower-Tier REMICdefined herein). The Trustee will hold following table irrevocably sets forth the Lower-Tier designation, the REMIC Regular Interests. The Upper-Tier REMIC will consist I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes each of all interests created hereby the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be the certificated. REMIC I Initial Latest Possible Designation Remittance Rate Uncertificated Balance ($) Maturity Date. The following table sets forth characteristics of the CertificatesDate(1) ----------- --------------- -------------------------- ---------------- I-LT1 Variable(2) 1,025,563,660.83 November 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable 2034 I-LT1PF Variable(2) 293,018,120.89 November 25, 2034 I-LT2 Variable(except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS▇) 374,434,803.99 November 25, 2034 I-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1LT2PF Variable(2) 106,983,414.29 November 25, 2034 I-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1LTP Variable(▇) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1100.00 November 25, 2034

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Uncertificated Class A-V REMIC Regular Interests will hold be "regular interests" in REMIC II and the LowerClass R-Tier II Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated Class A-V REMIC Regular Interests. The Upper-Tier REMIC will consist terms and provisions of the Lower-Tier REMIC Regular Interests and proceeds thereof Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Distribution Account Standard Terms, the terms and will provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be evidenced by a cross-reference to the Regular Certificates (which will represent related section of the "regular interests" Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Upper-Tier REMIC) Standard Terms. The Pooling and the Class UR Interest Servicing Agreement shall be dated as the single "residual interest" of the Upper-Tier REMICdate of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. DESIGNATION Uncertificated Initial Uncertificated Latest REMIC I Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) Pass-Through Rate REMIC I Regular Interest T 4.000% $100,356,000.00 October 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.002033 REMIC I Regular Interest U 4.875% $ 25,000 4,564,000.00 October 25, 2033 REMIC I Regular Interest V 5.250% $1 Class A-R(1) $ 100 6.00119,139,584.42 October 25, 2033 REMIC I Regular Interest W 6.000% $ 100 N/A Class 2-A-1 $ 92,906,000 5.0083,387,000.00 October 25, 2033 REMIC I Regular Interest X 0.000% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.0022,178,000.00 October 25, 2033 REMIC I Regular Interest Y 7.500% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.5080,467,000.00 October 25, 2033 REMIC I Regular Interest Z 0.000% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-2,100,265.65 October 25, 2033 REMIC I IO Regular Interests (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1October 25, 2033 -------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate (other than the Prepayment Premiums) for federal income tax purposes will consist of two REMICsbe treated as five real estate mortgage investment conduits (each, a "REMIC"). The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund Senior Certificates (other than the LowerClass P, Class 30-Tier REMIC Regular Interests PO, Class 1-CB-R, Class 2-A-R, Class 3-A-R1, Class 3-A-R2 and proceeds thereof in the Distribution Account) and will be evidenced by the LowerClass 3-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the LowerA-Tier REMICR3 Certificates) and the Class LR Interest B Certificates are referred to collectively as the single "residual interestRegular Certificates" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the shall constitute "regular interests" in the Upper-Tier REMIC. The Class 30-PO Components (collectively, the "Components") and the Class UR Interest as the single shall also constitute "residual interestregular interests" of in the Upper-Tier REMIC. The Class 3-A-R3 Certificate shall be the sole class of "residual interests" in the Upper-Tier REMIC. The Uncertificated REMIC 1 Interests shall constitute the "regular interests" in REMIC 1 and the Class 1-CB-R Certificate shall be the sole class of "residual interests" in REMIC 1. The Uncertificated REMIC 2 Interests shall constitute the "regular interests" in REMIC 2 and the Class 2-A-R Certificate shall be the sole class of "residual interests" in REMIC 2. The Uncertificated REMIC 3 Interests shall constitute the "regular interests" in REMIC 3 and the Class 3-A-R1 Certificate shall be the sole class of "residual interests" in REMIC 3. The Uncertificated Middle-Tier Interests shall constitute the "regular interests in the Middle-Tier REMIC and the Class 3-A-R2 Certificate shall be the sole class of "residual interests" in the Middle-Tier REMIC. The Class P Certificates represent an interest in the Grantor Trust created hereunder and are entitled to receive any Prepayment Premiums with respect to the Mortgage Loans and any Servicer Prepayment Premium Payment Amounts. The Certificates, the Uncertificated Middle-Tier Interests and the Uncertificated Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Integral Initial Class Pass- Multiples Certificate Balance or Through Minimum in Excess Classes Notional Amount Rate Denomination of Minimum ------------------------------------------------------------------------------- Class 1-A-1 $ 228,683,000 6.00CB-1 $113,071,000.00 5.750% $ $1,000 $1 Class 1-CB-R $20.00 5.750% $20 N/A Class 1-CB-IO $4,755,174.00 5.750% $1,000,000 $1 Class 1-CB-PO $2,435,379.00 (1) $25,000 $1 Class 2-A-1 $134,097,000.00 6.500% $1,000 $1 Class 2-A-R(1IO $3,247,137.00 6.500% $1,000,000 $1 Class 2-A-R $20.00 6.500% $20 N/A Class 3-A-1 $41,689,000.00 5.500% $1,000 $1 Class 3-A-2 $1,977,000.00 5.250% $1,000 $1 Class 3-A-3 $1,977,000.00 5.750% $1,000 $1 Class 3-A-4 $2,900,000.00 5.500% $1,000 $1 Class 3-A-5 $3,146,000.00 5.500% $1,000 $1 Class 3-A-6 $39,977,000.00 5.500% $1,000 $1 Class 3-A-7 $5,495,000.00 5.500% $1,000 $1 Class 3-A-8 $4,505,000.00 5.500% $1,000 $1 Class 3-A-9 $15,000,000.00 5.500% $1,000 $1 Class 3-A-10 $455,000.00 5.500% $1,000 $1 Class 3-A-11 $50,000,000.00 5.250% $1,000 $1 Class 3-A-12 $50,000,000.00 5.500% $1,000 $1 Class 3-A-13 $11,127,000.00 (2) $ 100 6.00$1,000 $1 Class 3-A-14 $11,127,000.00 (3) $1,000,000 $1 Class 3-A-15 $61,270,000.00 5.250% $ 100 $1,000 $1 Class 3-A-16 $100,000,000.00 5.500% $1,000 $1 Class 3-A-17 $10,203,000.00 5.500% $1,000 $1 Class 3-A-IO $15,271,541.00 5.500% $1,000,000 $1 Class 3-A-R1 $20.00 5.500% $20 N/A Class 3-A-R2 $20.00 5.500% $20 N/A Class 3-A-R3 $20.00 5.500% $20 N/A Class 30-PO (4) (4) $25,000 $1 Class P (5) (5) 100% N/A Class 1-B-1 $3,265,000.00 5.750% $25,000 $1 Class 1-B-2 $1,479,000.00 5.750% $25,000 $1 Class 1-B-3 $863,000.00 5.750% $25,000 $1 Class 1-B-4 $924,000.00 5.750% $25,000 $1 Class 1-B-5 $678,000.00 5.750% $25,000 $1 Class 1-B-6 $493,148.00 5.750% $25,000 $1 Class 2-B-1 $2,947,000.00 6.500% $25,000 $1 Class 2-B-2 $561,000.00 6.500% $25,000 $1 Class 2-B-3 $421,000.00 6.500% $25,000 $1 Class 2-B-4 $281,000.00 6.500% $25,000 $1 Class 2-B-5 $140,000.00 6.500% $25,000 $1 Class 2-B-6 $210,847.00 6.500% $25,000 $1 Class 3-B-1 $7,087,000.00 5.500% $25,000 $1 Class 3-B-2 $1,876,000.00 5.500% $25,000 $1 Class 3-B-3 $1,251,000.00 5.500% $25,000 $1 Class 3-B-4 $834,000.00 5.500% $25,000 $1 Class 3-B-5 $625,000.00 5.500% $25,000 $1 Class 3-B-6 $417,329.00 5.500% $25,000 $1 Integral Pass- Multiples In Initial Component Through Minimum Excess Of Components Balance Rate Denomination Minimum ------------------------------------------------------------------------------- Class 1-30-PO $20,000.00 (6) N/A N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 30-PO $1 1,675,674.00 (6) N/A N/A Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A30-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X 5,071,151.00 (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A ---------------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of REMIC I (as defined herein), and subject to this Agreement (including the Mortgage Loans but excluding the Reserve Fund that is hereby conveyed to and the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-7A Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the LowerUncertificated Class A-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier V REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as R-II Certificates will be the single sole class of "residual interestinterests" therein for purposes of the Upper-Tier REMICREMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated REMIC I Pass- Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. Uncertificated REMIC I Pass- Initial Uncertificated Latest Designation Through Rate Principal Balance Possible Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Maturity(1) ----------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1------------------------ --------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as a three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class 15-IO, Class A-PO and Class CB-R Certificates and the right of the Class CB-1, Class CB-2 and Class CB-6 Certificates to receive amounts from the applicable Reserve Fund) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 2-A-PO Component and Class 3-A-PO Component (the "Class A-PO Components" or "PO Components") and the Class 2-15-IO Component and Class 3-15-IO Component (the "Class 15-IO Components" or the "IO Components" and collectively with the PO Components, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Class R-U Interest shall be the sole "residual interest" in the Upper-Tier REMIC. The Class LR R-M Interest as shall be the single sole "residual interest" in the Middle-Tier REMIC. The Class R-L Interest shall be the sole "residual interest" in the Lower-Tier REMICRE▇▇▇. The Trustee will hold Class CB-R Certificate shall represent ownership of the Class R-U Interest, the Class R-M Interest and the Class R-L Interest. The portion of the Trust Estate consisting of the Reserve ▇▇nds and the Yield Maintenance Agreements and the right of the Class CB-1, Class CB-2 and Class CB-6 Certificates to receive amounts from the applicable Reserve Fund shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Certificate Integral Balance or Pass-Through Minimum Multiples in Classes Notional Amount Rate Denomination Excess of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Minimum -------------- ---------------- ------------ ------------ ------------ ----------------- Class CB-1 $50,000,000.00 (1) $1,000 $1 Class CB-2 $88,861,000.00 (2) $1,000 $1 Class CB-3 $88,861,000.00 (3) $1,000,000 $1 Class CB-4 $50,000,000.00 (4) $1,000,000 $1 Class CB-5 $9,000,000.00 5.500% $1,000 $1 Class CB-6 $87,760,000.00 (5) $1,000 $1 Class CB-7 $87,760,000.00 (6) $1,000,000 $1 Class CB-8 $20,000,000.00 5.500% $1,000 $1 Class CB-9 $833,000.00 5.500% $1,000 $1 Class CB-10 $12,487,000.00 5.500% $1,000 $1 Class CB-11 $5,287,000.00 5.500% $1,000 $1 Class CB-12 $4,334,000.00 5.500% $1,000 $1 Class CB-13 $12,410,000.00 5.500% $1,000 $1 Class CB-R $100.00 5.500% $50 N/A Class CB-IO $16,607,716.00 5.500% $1,000,000 $1 Class 2-A-1 $ 228,683,000 6.00$20,082,000.00 5.000% $ $1,000 $1 Class 3-A-1 $29,801,000.00 5.500% $1,000 $1 Class 15-IO $978,292.00 (7) $978,292 N/A Class A-PO $1,249,480.00 (8) $25,000 $1 Class B-1 $6,415,000.00 (9) $25,000 $1 Class B-2 $2,673,000.00 (9) $25,000 $1 Class B-3 $1,960,000.00 (9) $25,000 $1 Class B-4 $1,247,000.00 (9) $25,000 $1 Class B-5 $713,000.00 (9) $25,000 $1 Class B-6 $1,247,420.00 (9) $25,000 $1 Class 2-15-IO $485,607.00 5.500% N/A N/A Class 3-15-IO $492,685.00 5.500% N/A N/A Class 1-A-R(1PO $838,851.80 (10) $ 100 6.00% $ 100 N/A N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 A-PO $1 188,585.80 (10) N/A N/A Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 $222,042.40 (310) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A -------------

PRELIMINARY STATEMENT. The Depositor is intends to sell mortgage pass-through certificates (collectively, the owner of “Certificates”), to be issued hereunder in multiple classes, which in the Trust Fund that is hereby conveyed to aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). As provided herein, the Trustee will make, in return for accordance with Section 8.12, an election to treat the Certificates. The Trust Fund is being conveyed entire segregated pool of assets described in the definition of REMIC 1 (as defined herein) (excluding the Cap Contract and the Cap Contract Account), and subject to the Trustee to create this Agreement, as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a “REMIC”) for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as “REMIC 1.” The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC 1 Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "“regular interests" ” in the Lower-Tier REMIC) REMIC 1 and the Class LR R-1 Interest will be the sole class of “residual interests” in REMIC 1 for purposes of the REMIC Provisions (as defined herein) under the single "residual interest" in federal income tax law. A segregated pool of assets consisting of the Lower-Tier REMICREMIC 1 Regular Interests will be designated as “REMIC 2” and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold the LowerClass I-Tier REMIC Regular Interests. The UpperA-1, Class I-Tier REMIC will consist of the LowerA-2, Class II-Tier REMIC Regular Interests A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class M-1, Class M-2, Class B-1, Class B-2, Class B-3, Class C and proceeds thereof in the Distribution Account and Class P Certificates will be evidenced by the Regular Certificates (which will represent the "“regular interests" ” in the Upper-Tier REMIC) REMIC 2, and the Class UR R-2 Interest as will be the single "sole class of “residual interest" interests” therein for purposes of the Upper-Tier REMICREMIC Provisions (as defined herein) under federal income tax law. The "following table irrevocably sets forth the designation, the REMIC 1 Pass-Through Rate, the initial Uncertificated Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date" ” for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity DateREMIC 1 Regular Interest. The following table sets forth characteristics of the CertificatesREMIC 1 Regular Interests will not be certificated. AA Variable(2) $ 472,047,045.78 August 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 12035 I-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1Variable(2) $ 100 6.00% 1,567,945.00 August 25, 2035 I-A-2 Variable(2) $ 100 N/A Class 2174,215.00 August 25, 2035 II-A-1 Variable(2) $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 61,260,970.00 August 25, 2035 II-A-2 Variable(2) $ 7,778,000 6.00% $ 25,000 $1 Class 6745,620.00 August 25, 2035 II-A-3 Variable(2) $ 3,526,000 6.00% $ 25,000 $1 Class 6396,440.00 August 25, 2035 II-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3Variable(2) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5267,005.00 August 25, 2035 M-1 Variable(2) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7132,460.00 August 25, 2035 M-2 Variable(2) $ 25,000 $1 Class 105,965.00 August 25, 2035 B-1 Variable(2) $ 15,884,000 (8) 69,840.00 August 25, 2035 B-2 Variable(2) $ 25,000 $1 Class B-2 24,080.00 August 25, 2035 B-3 Variable(2) $ 7,220,000 (8) 40,940.00 August 25, 2035 ZZ Variable(2) $ 25,000 $1 Class B-3 4,848,132.68 August 25, 2035 P Variable(2) $ 4,332,000 (8) 100.00 August 25, 2035 I-SUB Variable(2) $ 25,000 $1 Class B-4 1,597.60 August 25, 2035 I-GRP Variable(2) $ 2,311,000 (8) 19,019.21 August 25, 2035 II-SUB Variable(2) $ 25,000 $1 Class B-5 2,448.52 August 25, 2035 II-GRP Variable(2) $ 2,599,000 (8) 29,148.87 August 25, 2035 XX Variable(2) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1481,628,444.77 August 25, 2035

PRELIMINARY STATEMENT. The Depositor is the owner of Trustee shall elect that two segregated asset pools within the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund be treated for federal income tax purposes will consist as comprising two REMICs (each a "REMIC" or, in the alternative, the "Lower Tier REMIC" and the "Upper Tier REMIC", respectively). Each Certificate, other than the Class R Certificate, represents ownership of two REMICsa regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions. The Lower-Class R Certificate represents ownership of the sole class of residual interest in each of the Lower Tier REMIC will consist and the Upper Tier REMIC for purposes of the REMIC Provisions. Class UT-R and Class LT-R comprise the Class R Certificate. The Startup Day for each REMIC described herein is the Closing Date. The Upper Tier REMIC shall hold as assets the several classes of uncertificated Lower Tier Regular Interests, set out below. Each such Lower Tier Regular Interest is hereby designated as a regular interest in the Lower Tier REMIC. Class LT-A, Class LT-M-1, Class LT-M-2, Class LT-B-1 and Class LT-B-2 are hereby designated the LT Accretion Directed Classes. The Lower Tier REMIC shall hold as assets all of the assets constituting included in the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) Excess Reserve Fund Account and the Cap Agreements. LOWER TIER CLASS LOWER TIER INITIAL LOWER TIER CORRESPONDING LATEST POSSIBLE MATURITY DESIGNATION INTEREST RATE PRINCIPAL AMOUNT CLASS DATE ----------- ------------- ---------------- ----- ---- Class LR Interest as the single "residual interest" in the LowerLT-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist A (1) 1/2 of the LowerClass A April 25, 2034 Corresponding Class initial principal balance Class LT-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates M-1 (which will represent the "regular interests" in the Upper-Tier REMIC1) and 1/2 of the Class UR Interest as the single "residual interest" M-1 April 25, 2034 Corresponding Class initial principal balance Class LT-M-2 (1) 1/2 of the UpperClass M-2 April 25, 2034 Corresponding Class initial principal balance Class LT-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The following table sets forth characteristics B-1 (1) 1/2 of the CertificatesClass B-1 April 25, together with 2034 Corresponding Class initial principal balance Class LT-B-2 (1) 1/2 of the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable Class B-2 April 25, 2034 Corresponding Class initial principal balance Class LT-Accrual (except that one Certificate 1) 1/2 of each the Pool Balance April 25, 2034 plus 1/2 of the Overcollateralization Amount Minus $100 Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSLT-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO P (2) 6.00% $ 100,000 $1 100 Class 6P April 25, 2034 Class LT-A-PO $ 86,960 R (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (43) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1April 25, 2034

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class A-R and Class A-LR Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSIntegral Multiples Initial Class Certificate Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Minimum in Excess Classes Balance or Notional Amount Rate Denomination of Minimum Class A-1A $ 64,063,000.00 (1) $1,000 $1 Class A-1B $ 75,000,000.00 (2) $1,000 $1 Class A-2A $ 35,000,000.00 (3) $1,000 $1 Class A-2B $ 84,933,000.00 (3) $1,000 $1 Class A-3A $ 52,000,000.00 (4) $1,000 $1 Class A-3B $ 30,182,000.00 (4) $1,000 $1 Class A-4 $ 74,167,000.00 (5) $1,000 $1 Class A-5 $ 47,215,000.00 (5) $1,000 $1 Class A-6 $ 201,411,000.00 (5) $1,000 $1 Class A-7 $ 3,195,000.00 (4) $1,000 $1 Class A-A-1 IO $ 228,683,000 6.00% 62,821,617.00 (6) $1,000 $1 Class A-P $ 653,917.00 (7) $25,000 $1 Class A-R(1R $ 50.00 (5) $ 100 6.00% $ 100 $50 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% LR $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 50.00 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 50 N/A Class B-1 $ 15,884,000 7,207,000.00 (8) $ 5) $25,000 $1 Class B-2 $ 7,220,000 5,491,000.00 (8) $ 5) $25,000 $1 Class B-3 $ 4,332,000 2,402,000.00 (8) $ 5) $25,000 $1 Class B-4 $ 2,311,000 1,030,000.00 (8) $ 5) $25,000 $1 Class B-5 $ 2,599,000 686,000.00 (8) $ 5) $25,000 $1 Class B-6 $ 2,312,102 1,716,493.00 (8) $ 5) $25,000 $11 ---------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC" and "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates, the Uncertificated Lower-Tier REMIC Regular Interests. The UpperInterests and the Uncertificated Middle-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ ========================================================================================================= Initial Class Integral Certificate Balance Pass- Multiples in or Notional Through Minimum Excess of Classes Amount Rate Denomination Minimum --------------------------------------------------------------------------------------------------------- Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $222,600,000.00 (1) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 1-A-R(1R $50.00 (1) $ 100 6.00% $ 100 $50 N/A --------------------------------------------------------------------------------------------------------- Class 1-A-MR $25.00 (1) $25 N/A --------------------------------------------------------------------------------------------------------- Class 1-A-LR $25.00 (1) $25 N/A --------------------------------------------------------------------------------------------------------- Class 2-A-1 $ 92,906,000 5.00% $ $114,979,000.00 (2) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-2 $51,050,000.00 (2) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-3 $85,998,000.00 (3) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-4 $64,817,000.00 (3) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-5 $65,156,000.00 (3) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-6 $177,091,000.00 (3) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-7 $500,000,000.00 (3) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 2-A-IO $166,029,000.00 (4) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $208,930,000.00 (5) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class 4-A-1 $ 62,561,000 6.50% $ $105,839,000.00 (6) $1,000 $1 --------------------------------------------------------------------------------------------------------- Class B-1 $23,854,000.00 (7) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 5-A-1 $ 14,495,000 5.50% $ B-2 $9,047,000.00 (7) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 6-A-1 $ 30,282,000 6.00% $ B-3 $5,757,000.00 (7) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 6-A-2 $ 7,778,000 6.00% $ B-4 $4,113,000.00 (7) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 6-A-3 $ 3,526,000 6.00% $ B-5 $3,290,000.00 (7) $25,000 $1 --------------------------------------------------------------------------------------------------------- Class 6-A-4 $ 2,627,000 6.00% $ B-6 $2,467,840.00 (7) $25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1---------------------------------------------------------------------------------------------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R Certificate) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class R-U Interest shall be the "residual interest" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) REMIC and the Class LR R-L Interest as shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower▇▇▇ Uncertificated Middle-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent shall constitute the "regular interests" in the UpperMiddle-Tier REMIC) REMIC and the Class UR R-M Interest as shall be the single "residual interest" of in the UpperMiddle-Tier REMIC. The Class 1-A-R Certificate shall represent ownership of the Class R-L Interest, the Class R-M Interest and the Class R-U Interest. The Ce▇▇▇ficates, the Uncertificated Middle-Tier Interests and the Uncertificated Lower-Tier Interests will represent the entire beneficial ownership interest in the Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS======================== ========================= ================ ====================== ================== Initial Class Integral Certificate Balance or Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Multiples in Classes Notional Amount Rate Minimum Denomination Excess of Minimum ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $34,468,000.00 (1) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 1-A-2 $1,357,000.00 (1) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 1-A-R(1R $100.00 (1) $ 100 6.00% $ $100 N/A ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $70,000,000.00 (2) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-2 $96,878,000.00 (2) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-3 $40,700,000.00 (3) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-4 $67,109,000.00 (3) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-5 $43,690,000.00 (3) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-6 $43,891,000.00 (3) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 2-A-7 $88,042,000.00 (3) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $28,190,000.00 (4) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 4-A-1 $ 62,561,000 6.50% $ $39,070,000.00 (5) $1,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class B-1 $12,062,000.00 (6) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 5-A-1 $ 14,495,000 5.50% $ B-2 $3,446,000.00 (6) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class B-3 $2,297,000.00 (6-A-1 $ 30,282,000 6.00% $ ) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class B-4 $1,149,000.00 (6-A-2 $ 7,778,000 6.00% $ ) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class B-5 $861,000.00 (6-A-3 $ 3,526,000 6.00% $ ) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class B-6 $1,149,587.00 (6-A-4 $ 2,627,000 6.00% $ ) $25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 6-A1-IO $37,181,943.95 (27) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 ------------------------ ------------------------- ---------------- ---------------------- ------------------ Class 152-A-X IO $283,432,000.00 (4) 6.00% $ 100,000 8) $1,000,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1------------------------ ------------------------- ---------------- ---------------------- ------------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-LR, Class A-PO, Class 15-IO, Class 30-IO and Class SES Certificates) and the Class 30-B, Class X-B and Class 15-B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 2-A-PO Component, Class 3-A-PO Component, Class 4-A-PO Component, Class 1-30-IO Component, Class 2-30-IO Component, 3-15-IO Component, 4-15-IO Component, Class 1-SES Component, Class 2-SES Component, Class 3-SES Component and Class 4-SES Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS=================== ==================== ============== ================ ================= Initial Class Integral Certificate Multiples Balance or Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Minimum in Excess Classes Notional Amount Rate Denomination of Minimum ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-1 $ 228,683,000 6.00$18,955,000.00 5.500% $ $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-2 $2,500,000.00 6.000% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-3 $19,702,554.00 6.000% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-4 $4,909,946.00 6.000% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-5 $16,178,727.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-6 $227,273.00 (1) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-7 $205,000.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-8 $119,777,000.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-9 $2,237,500.00 (1) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-R(1) $ 100 6.00R $50.00 5.500% $ 100 $50 N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-LR $50.00 5.500% $50 N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 2-A-1 $ 92,906,000 5.00$79,880,000.00 5.500% $ 25,000 $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 2-A-2 $13,242,000.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 2-A-3 $7,487,000.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 2-A-4 $3,531,000.00 5.500% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-1 $ 58,512,000 7.00$121,320,000.00 4.500% $ 25,000 $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-2 $50,008,000.00 4.750% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-3 $120,000,000.00 5.000% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-4 $1,320,000.00 5.000% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-5 $39,262,000.00 4.750% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 3-A-6 $10,745,000.00 4.750% $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 4-A-1 $ 62,561,000 6.50$147,067,000.00 4.750% $ $1,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class A-PO (2) (2) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 515-A-1 $ 14,495,000 5.50IO (3) (3) $10,000,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 30-IO (4) (4) $10,000,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 30-B-1 $2,395,000.00 5.500% $ $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 630-A-1 $ 30,282,000 6.00B-2 $958,000.00 5.500% $ $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 630-A-2 $ 7,778,000 6.00B-3 $479,000.00 5.500% $ $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 630-A-3 $ 3,526,000 6.00B-4 $383,000.00 5.500% $ $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 630-A-4 $ 2,627,000 6.00B-5 $383,000.00 5.500% $ $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 30-B-6 $192,553.00 5.500% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-1 $2,834,000.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-2 $515,000.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-3 $387,000.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-4 $257,000.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-5 $258,000.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class X-B-6 $129,255.00 (5) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-1 $1,573,000.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-2 $699,000.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-3 $525,000.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-4 $349,000.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-5 $350,000.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class 15-B-6 $349,936.00 4.750% $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- Class SES (6) (6) $25,000 $1 ------------------- -------------------- -------------- ---------------- ----------------- =================== ==================== ============== ================ ================= Integral Initial Component Multiples Balance or Pass-AThrough Minimum In Excess Components Notional Amount Rate Denomination Of Minimum ------------------- -------------------- -------------- ---------------- ----------------- Class 1-30-IO $31,575,390.80 (7) N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 2-30-IO $19,078,586.36 (8) N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 3-15-IO $128,039,756.17 (9) 6.00N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 4-15-IO $60,485,320.24 (10) N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 1-SES $191,598,060.16 0.200% $ 100,000 N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 2-SES $1 106,989,476.01 0.200% N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 63-SES $349,601,000.80 0.200% N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 4-SES $150,606,900.15 0.200% N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 1-A-PO $ 86,960 $2,114,407.00 (311) $ 100,000 $1 N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 152-A-X PO $1,030,434.00 (411) 6.00% $ 100,000 $1 N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 303-A-X PO $3,100,064.00 (611) 6.50% $ 25,000 $1 N/A N/A ------------------- -------------------- -------------- ---------------- ----------------- Class 304-A-PO $ 1,924,413 $978,687.00 (711) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A ------------------- -------------------- -------------- ---------------- -----------------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund. As provided herein, the REMIC Administrator will make an election to treat the entire segregated pool of assets described in the definition of Trust Fund, and subject to this Agreement (including the Mortgage Loans but excluding the Initial Monthly Payment Fund, the Yield Maintenance Agreement and any payments thereunder and the Reserve Fund that is hereby conveyed to and any payments therefrom), as a real estate mortgage investment conduit (the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as "REMIC I." The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier Uncertificated REMIC Regular I Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11, Class A-12, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Lower-Tier Uncertificated REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC II Regular Interests and proceeds thereof in the Distribution Account and Z will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as the single "residual interest" of the UpperR-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby II Certificates will be the Latest Possible Maturity Datesole class of "residual interests" therein for purposes of the REMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests Z. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. Any cross-reference to a section of the Pooling and Servicing Agreement, to the extent the terms of the Standard Terms and Series Supplement conflict with respect to that section, shall be a cross-reference to the related section of the Series Supplement. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table sets forth characteristics of the Certificatesdesignation, together with the minimum denominations type, Pass-Through Rate, aggregate Initial Certificate Principal Balance, Maturity Date, initial ratings and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of certain features for each Class of Certificates may be issued comprising the interests in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSthe Trust Fund created hereunder. Aggregate Initial Certificate Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Principal Maturity Minimum Designation Rate Balance Features(1) Date Moody's/S&P/Fitch Denominations(2) Class 1-A-1 $ 228,683,000 6.006.25% $ 25,000 $1 42,573,000 Super Senior/Lockout/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-2 6.25% $1,659,000 Senior Support/Lockout/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-3 5.75% $108,945,000 Senior/PAC/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-4 5.75% $34,965,000 Senior/PAC/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Senior/TAC/Accretion Class A-5 6.25% September 2036 Aaa/AAA/AAA $100,000.00 $78,921,000 Directed/Fixed Rate Class A-6 6.25% Senior/Accrual/Accretion September 2036 Aaa/AAA/AAA $100,000.00 $5,038,000 Directed/Companion/Fixed Rate Class A-7 6.25% $100,000 Senior/Accrual/Companion/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-8(3) Variable Senior/Floater/Adjustable Rate September 2036 Aaa/AAA/AAA $100,000.00 Rate $53,500,000 Class A-9(3) Variable Senior/Inverse Floater/ September 2036 Aaa/AAA/AAA $1,000,000.00 Rate Notional Interest Only/Adjustable Rate Class A-10 6.25% $80,677,000 Senior/Fixed Rate September 2036 Aaa/AAA/AAA $100,000.00 Class A-11 6.25% $19,147,000 Senior/Retail/Fixed Rate September 2036 Aaa/AAA/AAA $1,000.00 Class A-12(4) 6.25% Notional Senior/PAC/Interest Only/Fixed Rate September 2036 Aaa/AAA/AAA $1,000,000.00 Class A-R(1) $ 100 6.00P 0.00% $ 100 N$205,694 Senior/A Principal Only September 2036 Aaa/AAA/AAA $100,000.00 Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO V Variable Notional Senior/Interest Only/Variable September 2036 Aaa/AAA/AAA $2,000,000.00 Rate Rate Class R-I 6.25% $100.00 Senior/Residual/Fixed Rate September 2036 Aaa/AAA/AAA (25) 6.00Class R-II 6.25% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X 100.00 Senior/Residual/Fixed Rate September 2036 Aaa/AAA/AAA (4) 6.00Class M-1 6.25% $ 100,000 $1 9,509,800 Mezzanine/Fixed Rate September 2036 NA/NA/AA $100,000.00 Class 15-PO $ 572,366 (5) $ 100,000 M-2 6.25% $1 2,653,900 Mezzanine/Fixed Rate September 2036 NA/NA/A $250,000.00 Class 30-A-X (6) 6.50M-3 6.25% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 1,769,300 Mezzanine/Fixed Rate September 2036 NA/NA/BBB $1 250,000.00 Class B-1 $ 15,884,000 (8) $ 25,000 6.25% $1 884,600 Subordinate/Fixed Rate September 2036 NA/NA/BB $250,000.00 Class B-2 $ 7,220,000 (8) $ 25,000 6.25% $1 884,700 Subordinate/Fixed Rate September 2036 NA/NA/B $250,000.00 Class B-3 $ 4,332,000 (8) $ 25,000 6.25% $1 Class B-4 $ 2,311,000 (8) $ 25,000 884,651 Subordinate/Fixed Rate September 2036 NA/NA/NA $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1250,000.00

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class CB-IO, Class CB-PO and Class 1-CB-R Certificates) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-CB-PO Component, Class 2-CB-PO Component, Class 3-CB-PO Component and Class 4-CB-PO Component (the "PO Components"), the Class 1-CB-IO Component, Class 2-CB-IO Component, Class 3-CB-IO Component and Class 4-CB-IO Component (the "IO Components" and, collectively with the PO Components, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Class R-U Interest shall be the sole "residual interest" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and . The Class R-L Interest shall be the Class LR Interest as the single sole "residual interest" in the Lower-Tier REMIC▇▇▇IC. The Trustee will hold the LowerClass 1-Tier REMIC Regular Interests. The UpperCB-Tier REMIC will consist R Certificate shall represent ownership of the LowerClass R-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) L Interest and the Class UR Interest as the single "residual interest" of the UpperR-Tier REMICU Interest. The "latest possible maturity datematurit▇ ▇ate" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets tables set forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1issuable:

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The shall be treated as three real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the REMIC," respectively, and each a "REMIC"). The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as shall be the single "residual interest" in the Lower-Tier REMIC for purposes of the REMIC Provisions. The Uncertificated Lower-Tier Interests shall constitute the assets of the Middle-Tier REMIC. The Trustee will hold the LowerUncertificated Middle-Tier REMIC Regular InterestsInterests shall constitute the "regular interests" and the Class MR Interest shall be the "residual interest" in the Middle-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the assets of the Upper-Tier REMIC will consist REMIC. The Senior Certificates (other than the Class 1-A-R Certificate, the Class CB-IO Certificates, the Class X-PO Certificates and the rights of the LowerClass 1-Tier REMIC A-1 and Class 2-A-1 Certificates to receive amounts from the related Reserve Fund), the Components and the Class B Certificates are referred to collectively as the "Regular Interests Certificates" and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the shall constitute "regular interests" in the Upper-Tier REMIC) REMIC for purposes of the REMIC Provisions. The Class UR Interest shall be the "residual interest" in the Upper-Tier REMIC for purposes of the REMIC Provisions. The Class 1-A-R Certificate shall represent beneficial ownership of the Class LR Interest, the Class MR Interest and the Class UR Interest as the single "residual interest" Interest. The portion of the UpperTrust Estate consisting of the Reserve Funds, the Yield Maintenance Agreements and the rights of the Class 1-Tier REMICA-1 and Class 2-A-1 Certificates to receive amounts from the related Reserve Fund shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Initial Class Integral Certificate Pass- Multiples in Balance or Through Minimum Excess of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Classes Notional Amount Rate Denomination Minimum ----------- --------------- ------------ ------- ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $106,138,000.00 (1) $1,000 $1 Class 1-A-2 $106,138,000.00 (2) $1,000,000 $1 Class 1-A-3 $16,561,000.00 5.750% $1,000 $1 Class 1-A-4 $1,840,000.00 5.750% $1,000 $1 Class 1-A-5 $20,651,000.00 5.750% $1,000 $1 Class 1-A-6 $18,660,000.00 5.750% $1,000 $1 Class 1-A-7 $8,364,000.00 5.750% $1,000 $1 Class 1-A-8 $11,793,000.00 5.750% $1,000 $1 Class 1-IO $20,146,950.00 5.500% $1,000,000 $1 Class 1-A-R(1) $ 100 6.00R $100.00 5.750% $ $100 N/A Class 2-A-1 $ 92,906,000 5.00$70,000,000.00 (3) $1,000 $1 Class 2-A-2 $70,000,000.00 (4) $1,000,000 $1 Class 2-A-3 $23,603,000.00 5.750% $ 25,000 $1,000 $1 Class 2-A-4 $2,622,000.00 5.750% $1,000 $1 Class 2-A-5 $19,916,000.00 5.750% $1,000 $1 Class 2-A-6 $3,414,000.00 5.750% $1,000 $1 Class 2-A-7 $2,886,000.00 5.750% $1,000 $1 Class 2-A-8 $91,616,000.00 6.000% $1,000 $1 Class 3-A-1 $ 58,512,000 7.00$120,439,000.00 6.500% $ 25,000 $1,000 $1 Class 4-A-1 $ 62,561,000 6.50$117,447,000.00 6.500% $ 25,000 $1,000 $1 Class CB-IO $23,536,732.00 (5-A-1 $ 14,495,000 5.50% $ 25,000 ) $1,000,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-AX-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X 2,334,874.00 (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 $25,119,000.00 (8) $ 7) $25,000 $1 Class B-2 $ 7,220,000 $8,258,000.00 (8) $ 7) $25,000 $1 Class B-3 $ 4,332,000 $4,817,000.00 (8) $ 7) $25,000 $1 Class B-4 $ 2,311,000 $4,817,000.00 (8) $ 7) $25,000 $1 Class B-5 $ 2,599,000 $4,130,000.00 (8) $ 7) $25,000 $1 Class B-6 $ 2,312,102 $2,752,758.00 (7) $25,000 $1 Class 2-IO $8,210,829.20 5.500% N/A N/A Class 3-IO $5,069,069.60 5.500% N/A N/A Class 4-IO $10,256,833.20 5.500% N/A N/A Class 1-PO $422,573.50 (8) $ 25,000 N/A N/A Class 2-PO $11,195,113.76 (8) N/A N/A Class 3-PO $528,792.74 (8) N/A N/A Class 4-PO $188,394.00 (8) N/A N/A

PRELIMINARY STATEMENT. The Depositor is Company has duly authorized the owner execution and delivery of this Agreement to provide for (i) the sale to the Trust of the Trust Fund that is hereby conveyed Mortgage Loans and certain other assets, (ii) the issuance to the Trustee Company of the REMIC I Regular Interests and the Class R-1 Residual Interest representing in return for the aggregate the entire beneficial interest in REMIC I, (iii) the conveyance to the Trust of the REMIC I Regular Interests, (iv) the issuance to the Company of the REMIC II Regular Interests and the Class R-2 Residual Interest representing in the aggregate the entire beneficial interest in REMIC II, (v) the conveyance to the Trust of the REMIC II Regular Interests and (vi) the issuance to the Company of the Certificates. The Trust Fund is being conveyed to Company and the Servicer are entering into this Agreement, and the Trustee and the Delaware Trustee are each accepting the trust created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Certificates issued hereunder, other than the Junior Subordinate Certificates, have been offered for sale pursuant to create a trust for the benefit Prospectus, dated April 17, 2007, and a Prospectus Supplement, dated May 23, 2007, of the CertificateholdersCompany (together, the “Prospectus”). The Junior Subordinate Certificates have been offered for sale pursuant to a Private Placement Memorandum, dated May 25, 2007. The Trust Fund created hereunder is the “Trust” described in the Prospectus and the Private Placement Memorandum and the Certificates are the “Certificates” described therein. The following tables set forth the designation, type of interest, Certificate Interest Rate, initial Class Principal Balance and Final Maturity Date for the REMIC I Regular Interests, the REMIC II Regular Interests and the Class R Residual Interests: Class LT1 Regular Variable (2) $478,015,590.09 March 2049 Class LT2 Regular Variable (2) 21,311.84 March 2049 Class LT3 Regular (3) 26,497.15 March 2049 Class LT4 Regular Variable (4) 26,497.15 March 2049 Class R-1(5) Residual 6.407% 100.00 March 2049 * The Distribution Date in the specified month, which is two years following the month in which the latest maturing Mortgage Loan matures. For federal income tax purposes will consist purposes, for each Class of two REMICs. The Lower-Tier REMIC will consist of all of I Regular and Residual Interests, the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "“latest possible maturity date" for federal income tax purposes of all interests created hereby will ” shall be the Latest Possible Final Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1.

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Senior Certificates (other than the Class X-IO and Class 1-A-R Certificates and the right of the Class 1-A-9 Certificates to receive amounts from the Reserve Fund) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-X-IO Component and Class 2-X-IO Component (each, a "Component" and collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC, as detailed in the definition of "Uncertificated Middle-Tier Interest." The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) and , as detailed in the definition of "Uncertificated Lower-Tier Interest." The Class LR R-U Interest as shall be the single sole "residual interest" in the Upper-Tier REMIC. The Class R-M Interest shall be the sole "residual interest" in the Middle-Tier REMIC. The Class R-L Interest shall be the sole "residual interest" in the Lower-Tier REMICRE▇▇▇. The Trustee will hold Class 1-A-R Certificate shall represent ownership of the Class R-U Interest, the Class R-M Interest and the Class R-L Interest. The portion of the Trust Estate consisting of the Reserve ▇▇nd and the Yield Maintenance Agreement and the right of the Class 1-A-9 Certificates to receive amounts from the Reserve Fund shall not be assets of any REMIC created hereunder, but rather shall be assets of the Grantor Trust. The assets of the Grantor Trust, the Certificates, the Uncertificated Middle-Tier Interests and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one issuable: Integral Initial Class Multiples in Certificate Balance Pass-Through Minimum Excess of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Classes or Notional Amount Rate Denomination Minimum ------------------------ --------------------- ------------- -------------- ------------- Class 1-A-1 $ 228,683,000 6.00$54,787,000.00 5.500% $ $1,000 $1 Class 1-A-2 $50,000,000.00 5.500% $1,000 $1 Class 1-A-3 $16,531,000.00 5.500% $1,000 $1 Class 1-A-4 $39,646,000.00 5.500% $1,000 $1 Class 1-A-5 $671,000.00 5.500% $1,000 $1 Class 1-A-6 $10,073,000.00 5.500% $1,000 $1 Class 1-A-7 $2,201,000.00 5.500% $1,000 $1 Class 1-A-8 $5,000.00 5.500% $1,000 $1 Class 1-A-9 $20,000,000.00 (1) $1,000 $1 Class 1-A-10 $20,000,000.00 (2) $1,000,000 $1 Class 1-A-11 $1,481,000.00 5.500% $1,000 $1 Class 1-A-12 $10,441,000.00 5.500% $1,000 $1 Class 1-A-13 $68,716,000.00 5.500% $1,000 $1 Class 1-A-14 $2,883,000.00 5.500% $1,000 $1 Class 1-A-15 $10,000,000.00 5.500% $1,000 $1 Class 1-A-16 $10,230,000.00 5.500% $1,000 $1 Class 1-A-17 $500,000.00 5.500% $1,000 $1 Class 1-A-18 $150,000,000.00 5.500% $1,000 $1 Class 1-A-19 $14,212,000.00 5.500% $1,000 $1 Class 1-A-20 $14,512,000.00 5.500% $1,000 $1 Class 1-A-R $100.00 5.500% $100 N/A Class 30-PO $3,557,175.00 (3) $25,000 $1 Class A2-R(1A-1 $45,133,000.00 5.250% $1,000 $1 Class 2-A-2 $1,881,000.00 5.250% $1,000 $1 Class 15-PO $1,489,854.00 (3) $ 100 6.00$25,000 $1 Class X-IO (4) (4) $1,000,000 $1 Class B-1 $9,271,000.00 (5) $25,000 $1 Class B-2 $2,999,000.00 (5) $25,000 $1 Class B-3 $1,636,000.00 (5) $25,000 $1 Class B-4 $818,000.00 (5) $25,000 $1 Class B-5 $818,000.00 (5) $25,000 $1 Class B-6 $818,514.00 (5) $25,000 $1 Integral Initial Component Multiples Balance or In Excess Component Pass-Through Minimum Of Components Notional Amount Rate Denomination Minimum ------------------------ --------------------- ------------- -------------- ------------- Class 1-X-IO $11,740,415.00 5.500% $ 100 N/A N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-AX-IO (2) 6.00$247,467.00 5.500% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1N/A N/A ------------

PRELIMINARY STATEMENT. The Depositor is Company intends to sell Mortgage Pass-Through Certificates (collectively, the owner of "Certificates"), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed Fund. As provided herein, the REMIC Administrator will make an election to treat the Trustee entire segregated pool of assets described in return for the Certificates. The Trust Fund is being conveyed definition of REMIC I (as defined herein), and subject to this Agreement (including the Trustee to create Mortgage Loans but excluding the Initial Monthly Payment Fund), as a trust for the benefit of the Certificateholders. The Trust Fund real estate mortgage investment conduit (a "REMIC") for federal income tax purposes and such segregated pool of assets will consist of two REMICs. be designated as the "REMIC I." The Lower-Tier Uncertificated REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates will be the single sole class of "residual interestinterests" in REMIC I for purposes of the Lower-Tier REMICREMIC Provisions (as defined herein). A segregated pool of assets consisting of the Uncertificated REMIC I Regular Interests will be designated as "REMIC II," and the REMIC Administrator will make a separate REMIC election with respect thereto. The Trustee will hold Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5-1 Component, Class A-5-2 Component, Class A-5-3 Component, Class A-5-4 Component, Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier Uncertificated Class AV REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) REMIC II and the Class UR Interest as R-II Certificates will be the single sole class of "residual interestinterests" therein for purposes of the Upper-Tier REMICREMIC Provisions. The Class A-V Certificates will represent the entire beneficial ownership interest in the Uncertificated REMIC II Regular Interests. The terms and provisions of the Standard Terms are hereby incorporated by reference herein as though set forth in full herein. If any term or provision contained herein shall conflict with or be inconsistent with any provision contained in the Standard Terms, the terms and provisions of this Series Supplement shall govern. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Standard Terms. The Pooling and Servicing Agreement shall be dated as of the date of the Series Supplement. The following table irrevocably sets forth the designation, the Uncertificated Pass-Through Rate, the initial Uncertificated Principal Balance, and solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for federal income tax purposes each of all interests created hereby the Uncertificated REMIC I Regular Interests. None of the Uncertificated REMIC I Regular Interests will be the certificated. Uncertificated Initial Uncertificated Latest Designation Pass-Through Rate Principal Balance Possible Maturity Date. The following table sets forth characteristics of the CertificatesMaturity(1) ____________________________________________________________________________________________ Uncertificated REMIC I 7.75% $100,528,000.00 April 25, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.002030 Regular Interest O Uncertificated REMIC I 7.75% $ 25,000 $1 Class A-R(1) $ 100 6.008,116,000.00 April 25, 2030 Regular Interest P Uncertificated REMIC I 7.75% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00$7,195,000.00 April 25, 2030 Regular Interest Q Uncertificated REMIC I 7.75% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.0038,350,000.00 April 25, 2030 Regular Interest S Uncertificated REMIC I 7.75% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.5084,062,000.00 April 25, 2030 Regular Interest T Uncertificated REMIC I 7.75% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.504,188,313.00 April 25, 2030 Regular Interest U Uncertificated REMIC I 7.75% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.007,425,687.00 April 25, 2030 Regular Interest W Uncertificated REMIC I 7.75% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.0010,507,405.27 April 25, 2030 Regular Interest X Uncertificated REMIC I 0% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO 2,290,363.34 April 25, 2030 Regular Interest Y Uncertificated REMIC I Variable (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3N/A(3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1April 25, 2030 IO Regular Interests

PRELIMINARY STATEMENT. The Depositor is intends to sell Certificates, to be issued hereunder in multiple Classes, which in the owner aggregate will evidence the entire beneficial ownership interest in the Trust to be created hereunder. As provided herein, the Certificate Administrator will elect that two segregated pools of assets within the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit (exclusive of the Certificateholders. The Trust Fund Excess Interest and the Excess Interest Distribution Account) be treated for federal income tax purposes as two separate real estate mortgage investment conduits ("REMIC I" and "REMIC II", respectively). REMIC I As provided herein, the Certificate Administrator will consist elect to treat the segregated pool of two REMICsassets consisting of the Mortgage Loans (exclusive of Excess Interest) and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes and such segregated asset pool will be designated as "REMIC I". The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC I Regular Interests and proceeds thereof in listed below under the Distribution Account) and will be evidenced by the Lower-Tier heading "Corresponding REMIC I Regular Interests (which will be uncertificated and will represent the Interests" constitute "regular interests" in the Lower-Tier REMIC) REMIC I and the Class LR Interest as R-I Certificates constitute the single sole Class of "residual interest" in the Lower-Tier REMIC. The Trustee will hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" REMIC I created hereunder for purposes of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity DateREMIC Provisions. The following table sets forth characteristics the Class or Component designation, the corresponding REMIC I Regular Interest (the "Corresponding REMIC I Regular Interest"), and the Corresponding Components of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of Class XW Certificates for each Class of the REMIC II Regular Certificates may be issued in a different amount(the "Corresponding Certificates"): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- Corresponding Corresponding Components of Corresponding REMIC I Regular REMIC I Class XW Certificates Interests(1) Principal Balance Certificates(1) ------------ ------------ ------------ ----------------- --------------- Class 1A-1 LA-1 $ 25,000,000 XA-1 Clas▇ ▇-A-1 ▇ ▇▇-2 $ 228,683,000 6.00% 77,000,000 XA-2 Clas▇ ▇-▇ ▇▇-3 $ 25,000 $1 281,000,000 XA-3 Clas▇ ▇-▇▇ ▇▇-SB $ 48,322,000 XA-SB Class A-4 LA-4 $ 612,000,000 XA-4 Class A-1A LA-1A $ 257,694,000 XA-1A Class A-R(1) M LA-M $ 100 6.00% $ 100 N/A 185,850,000 XA-M Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% J LA-J $ 100,000 $1 139,405,000 XA-J Class 6-A-PO B LB $ 86,960 (3) 20,909,000 XB Class C LC $ 100,000 $1 13,939,000 XC Class 7-A-1 D LD $ 39,023,000 7.00% 20,909,000 XD Class E LE $ 25,000 $1 18,585,000 XE Class 15-A-X (4) 6.00% F LF $ 100,000 $1 11,616,000 XF Class 15-PO G LG $ 572,366 (5) 18,585,000 XG Class H LH $ 100,000 $1 20,909,000 XH Class 30-A-X (6) 6.50% J LJ $ 25,000 $1 16,262,000 XJ Class 30-PO K LK $ 1,924,413 (7) 18,585,000 XK Class L LL $ 25,000 $1 11,616,000 XL Class B-1 M LM $ 15,884,000 (8) 6,969,000 XM Class N LN $ 25,000 $1 4,646,000 XN Class B-2 O LO $ 7,220,000 (8) 6,969,000 XO Class P LP $ 25,000 $1 2,323,000 XP Class B-3 Q LQ $ 4,332,000 (8) 4,646,000 XQ Class S LS $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $134,856,583 XS ------------

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-LR and Class A-P Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 2-A-P Component, Class 3-A-P Component, Class 4-A-P Component, Class 1-SES Component, Class 2-SES Component, Class 3-SES Component, Class 4-SES Component, Class 1-WIO Component, Class 2-WIO Component, Class 3-WIO Component and Class 4-WIO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and (except for the Class A-PO Certificates) shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component and Class 2-A-PO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates, the Uncertificated Lower-Tier REMIC Regular Interests. The UpperInterests and the Uncertificated Middle-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-LR and Class A-PO Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-A-PO Component, Class 2-A-PO Component, Class 1-A-SES Component and Class 2-A-SES Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS============================================================================================================= Initial Class Integral Multiples Certificate Balance or Minimum in Excess Classes Notional Amount Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Through Rate Denomination of Minimum ------------------------------------------------------------------------------------------------------------- Class 1-A-1 $ 228,683,000 6.00$20,000,000.00 5.500% $ $1,000 $1 Class 1-A-2 $186,340,834.00 5.000% $1,000 $1 Class 1-A-3 $37,268,166.00 (1) $1,000 $1 Class 1-A-4 $37,268,166.00 (2) $1,000,000 $1 Class 1-A-5 $2,383,000.00 5.500% $1,000 $1 Class 1-A-6 $29,000,000.00 5.500% $1,000 $1 Class 1-A-R $50.00 5.500% $50 N/A Class 1-A-LR $50.00 5.500% $50 N/A Class 1-A-WIO $262,485,369.00 (3) $10,000,000 $1 Class 2-A-1 $270,784,000.00 5.000% $1,000 $1 Class 2-A-WIO $248,774,133.00 (4) $10,000,000 $1 Class 1-B-1 $6,522,000.00 5.500% $25,000 $1 Class 1-B-2 $2,898,000.00 5.500% $25,000 $1 Class 1-B-3 $1,449,000.00 5.500% $25,000 $1 Class 1-B-4 $1,450,000.00 5.500% $25,000 $1 Class 1-B-5 $1,014,000.00 5.500% $25,000 $1 Class 1-B-6 $1,160,097.00 5.500% $25,000 $1 Class 2-B-1 $2.635,000.00 5.000% $25,000 $1 Class 2-B-2 $971,000.00 5.000% $25,000 $1 Class 2-B-3 $970,000.00 5.000% $25,000 $1 Class 2-B-4 $555,000.00 5.000% $25,000 $1 Class 2-B-5 $277,000.00 5.000% $25,000 $1 Class 2-B-6 $417,000.00 5.000% $25,000 $1 Class A-R(1PO (5) $ 100 6.00% $ 100 (5) $25,000 $1 Class SES (6) (6) $25,000 $1 ============================================================================================================ Initial Component Integral Multiples Balance or Component Minimum in Excess Components Notional Amount Pass-Through Rate Denomination of Minimum ------------------------------------------------------------------------------------------------------------- Class 1-A-PO $364,832.98 (7) N/A N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 730,113.99 (7) $ 25,000 N/A N/A Class 1-SES $1 289,850,030.48 0.200% N/A N/A Class B-1 $ 15,884,000 (8) $ 25,000 2-SES $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1277,339,114.07 0.200% N/A N/A =============================================================================================================

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of be treated as two REMICs. The separate real estate mortgage investment conduits (the "Upper-Tier REMIC" and the "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Class A Certificates (other than the Class 1-A-R, Class 1-A-LR and Class X-PO Certificates) and the Class B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Class 1-X-PO Component and Class 2-X-PO Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates and the Uncertificated Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the CertificatesCertificates and the Components, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1any amount in excess of the minimum denomination):

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for For federal income tax purposes will consist of purposes, the Trustee shall treat the Trust Fund as consisting of, among other things, a trust (the "ES Trust") beneath which are two REMICsreal estate mortgage investment conduits (or in the alternative, the "Lower Tier REMIC" and the "Master REMIC") and shall make all elections as necessary for such treatment. The Lower-Lower Tier REMIC will consist of hold all of the assets constituting of the Trust Fund (other than the Lower-and will issue several classes of uncertificated Lower Tier REMIC Regular Interests and proceeds thereof Interests. The Class LTR-A-R Interest is hereby designated as the residual interest in the Distribution Account) and will be evidenced by the Lower-Lower Tier REMIC Regular Interests (which will be uncertificated and will represent the "each other Lower Tier REMIC Interest is hereby designated as a regular interests" interest in the Lower-Tier REMIC) and the Class LR Interest as the single "residual interest" in the Lower-Lower Tier REMIC. The Trustee Master REMIC will hold all the Lower-regular interests in the Lower Tier REMIC Regular and will issue several classes of uncertificated Master REMIC Interests. The UpperClass MR-Tier REMIC will consist of A-R Interest is hereby designated as the Lower-Tier REMIC Regular Interests and proceeds thereof residual interest in the Distribution Account Master REMIC and will be evidenced by the Regular Certificates (which will represent the "each other Master REMIC Interest is hereby designated as a regular interests" interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier Master REMIC. The "latest possible maturity date," for federal income tax purposes purposes, of all REMIC regular interests created hereby will be the Latest Possible Maturity Date. The Corridor Contracts, the Supplemental Interest Trust and the Corridor Contract Reserve Fund will not form part of any REMIC. The following table sets forth characteristics of the ES Trust Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Residual Certificate of each Class of Certificates representing the Tax Matters Person Certificate may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS---------------- ------------------- --------------- ---------------- ------------ ----------------- Integral Initial Maximum Multiples Classes of Class Certificate Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Through in Excess Master REMIC Class Balance/Notional Rate Minimum of Interests Designation Amount (per annum) Denomination Minimum Represented ----------- ------ ----------- ------------ ------- ----------- ---------------- ------------------- --------------- ---------------- ------------ ------------ ------------ ----------------- Class 1-A-1 $ 228,683,000 $143,325,000 6.00% $ 25,000 $1 25,000.00 $1.00 ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇ and MR-1-A-1E (27) ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class A1-R(1) $ 100 A-2 $44,773,000 6.00% $ 100 N/$25,000.00 $1.00 MR-1-A-2 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-3 $2,900,000 6.00% $25,000.00 $1.00 MR-1-A-3 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-4 $216,407,000 6.00% $25,000.00 $1.00 MR-1-A-4 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-5 $25,000,000(1) (2) $25,000.00(3) $1.00(3) MR-1-A-5 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-6 $25,000,000 (4) $25,000.00 $1.00 MR-1-A-6 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-7 $29,000 6.00% $25,000.00 $1.00 MR-1-A-7 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-8 $29,000 6.00% $25,000.00 $1.00 MR-1-A-8 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-9 $22,415,000 6.00% $25,000.00 $1.00 MR-1-A-9 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-10 $340,743,000 6.00% $25,000.00 $1.00 ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇ and MR-1-A-10E (27) ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-11 $12,240,000 6.00% $25,000.00 $1.00 MR-1-A-11 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-12 $6,190,000 6.00% $25,000.00 $1.00 MR-1-A-12 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-13 $33,540,000 6.00% $25,000.00 $1.00 MR-1-A-13 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-14 $60,000,000(1) (5) $25,000.00(3) $1.00(3) MR-1-A-14 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-15 $60,000,000 (6) $25,000.00 $1.00 MR-1-A-15 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-16 $46,423,000 6.00% $25,000.00 $1.00 MR-1-A-16 ---------------- ------------------- --------------- ---------------- ------------ ----------------- ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-17 $61,000 6.00% $25,000.00 $1.00 MR-1-A-17 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-18 $275,640,000(1) (7) $25,000.00(3) $1.00(3) MR-1-A-18 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-19 $275,640,000 (8) $25,000.00 $1.00 MR-1-A-19 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-20 $100,000,000(1) (9) $25,000.00(3) $1.00(3) MR-1-A-20 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-21 $100,000,000 (10) $25,000.00 $1.00 MR-1-A-21 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-22 $30,000,000(1) (11) $25,000.00(3) $1.00(3) MR-1-A-22 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-23 $30,000,000 (12) $25,000.00 $1.00 MR-1-A-23 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-24 $2,094,000 (13) $25,000.00 $1.00 MR-1-A-24 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-25 $95,550,000 5.50% $25,000.00 $1.00 MR-1-A ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-26 $47,775,000(1) (14) $25,000.00(3) $1.00(3) MR-1-A-1D and MR-1-A-1E ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-27 $47,775,000 (15) $25,000.00 $1.00 MR-1-A-1B and MR-1-A-1C ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-28 $114,660,000 5.75% $25,000.00 $1.00 ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇ and MR-1-A-1E ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-29 $28,665,000(1) (16) $25,000.00(3) $1.00(3) MR-1-A-1D ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-30 $28,665,000 (17) $25,000.00 $1.00 MR-1-A-1B ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-31 $227,162,000 5.50% $25,000.00 $1.00 MR-1-A-10A ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-32 $113,581,000(1) (18) $25,000.00(3) $1.00(3) MR-1-A-10D and MR-1-A-10E ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-33 $113,581,000 (19) $25,000.00 $1.00 MR-1-A-10B and MR-1-A-10C ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-34 $272,595,000 5.75% $25,000.00 $1.00 ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇ ▇▇▇ ▇▇-▇-▇-▇▇▇ ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-35 $68,148,000(1) (20) $25,000.00(3) $1.00(3) MR-1-A-10D ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-36 $68,148,000 (21) $25,000.00 $1.00 MR-1-A-10B ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 1-A-37 $188,098,000 6.00% $25,000.00 $1.00 ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇, ---------------- ------------------- --------------- ---------------- ------------ ----------------- ---------------- ------------------- --------------- ---------------- ------------ ----------------- ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇, ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇, ▇▇-▇-▇-▇▇▇ and MR-1-A-1E (27) ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-1 $ 92,906,000 5.00$60,561,000 6.00% $ 25,000 $1 Class 325,000.00 $1.00 MR-2-A-1 $ 58,512,000 7.00% $ 25,000 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-2 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 950,000 6.00% $ 25,000 $1 Class 625,000.00 $1.00 MR-2-A-2 $ 7,778,000 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-3 $27,882,000 6.00% $ 25,000 $1 Class 625,000.00 $1.00 MR-2-A-3 $ 3,526,000 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-4 $50,000,000(1) (22) $25,000.00(3) $1.00(3) MR-2-A-4 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-5 $50,000,000 (23) $25,000.00 $1.00 MR-2-A-5 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-A-6 $10,000 6.00% $ 25,000 $1 10,000.00 $1.00 MR-2-A-6 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 62-A-4 $ 2,627,000 A-7 $9,000 6.00% $ 25,000 $1 9,000.00 $1.00 MR-2-A-7 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 61-X $1,336,102,464(1) (24) $25,000.00(3) $1.00(3) MR-1-X ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class 2-X $136,179,076(1) (25) $25,000.00(3) $1.00(3) MR-2-X ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class PO $240,436 (13) $25,000.00 $1.00 MR-PO ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class A-R(26) $100.00 6.00% (26) (26) LTR-A-IO (2) 6.00% $ 100,000 $1 Class 6R and MR-A-PO $ 86,960 (3) $ 100,000 R ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class M $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 33,927,000 6.00% $ 100,000 $1 Class 1525,000.00 $1.00 MR-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 M ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class B-1 $ 15,884,000 (8) $ 25,000 $1 14,202,000 6.00% $25,000.00 $1.00 MR-B-1 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class B-2 $ 7,220,000 (8) $ 25,000 $1 10,256,900 6.00% $25,000.00 $1.00 MR-B-2 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class B-3 $ 4,332,000 (8) $ 25,000 $1 7,101,000 6.00% $100,000.00 $1.00 MR-B-3 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class B-4 $ 2,311,000 (8) $ 25,000 $1 6,312,000 6.00% $100,000.00 $1.00 MR-B-4 ---------------- ------------------- --------------- ---------------- ------------ ----------------- Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 4,734,029.33 6.00% $1100,000.00 $1.00 MR-B-5 ---------------- ------------------- --------------- ---------------- ------------ ----------------- _____________________________________________

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return for the Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for federal income tax purposes will consist of two REMICs. The Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund (other than the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent the "regular interests" in the Lower-Tier REMIC) and the Class A-LR Interest as the single "residual interest" in the Lower-Tier REMIC. The Trustee will shall hold the Lower-Tier REMIC Regular Interests. The Upper-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" in the Upper-Tier REMIC) and the Class A-UR Interest as the single "residual interest" of the Upper-Tier REMIC. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible Maturity Date. The Class A-R Certificates will represent the Class A-LR Interest and the Class A-UR Interest. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSInitial Class Integral Principal Initial Multiples in Balance or Pass-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM Through Minimum Excess of Notional Amount Rate Denomination Minimum --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00$93,101,000 6.500% $ $25,000 $1 Class A-R(1) $ 100 6.00% $ 100 N/A Class 2-A-1 $ 92,906,000 5.00$54,701,000 6.500% $ $25,000 $1 Class 3-A-1 $ 58,512,000 7.00111,531,000 6.000% $ $25,000 $1 Class 4-A-1 $ 62,561,000 6.50315,640,000 5.500% $ $25,000 $1 Class 5-A-1 $ 14,495,000 5.50124,230,000 5.000% $ $25,000 $1 Class 6-A-1 $ 30,282,000 6.00130,362,000 6.000% $ $25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00128,550,000 5.000% $ $25,000 $1 Class 8-A-1 32,766,000 5.500% $25,000 $1 Class 15-PO 1,821,350 (1) $25,000 $1 Class 30-PO 3,037,521 (1) $25,000 $1 Class 15-A-X (423,946,361(2) 6.005.000% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (648,642,029(3) 6.506.500% $ $100,000 $1 Class A-R $100 $100 N/A Class 15-B-1 5,414,000 5.000% $25,000 $1 Class 15-B-2 1,453,000 5.000% $25,000 $1 Class 15-B-3 1,188,000 5.000% $25,000 $1 Class 15-B-4 396,000 5.000% $25,000 $1 Class 15-B-5 528,000 5.000% $25,000 $1 Class 15-B-6 529,297 5.000% $25,000 $1 Class 30-PO $ 1,924,413 B-1 25,062,000 (74) $ $25,000 $1 Class B-1 $ 15,884,000 30-B-2 10,741,000 (8) $ 4) $25,000 $1 Class B-2 $ 7,220,000 30-B-3 7,161,000 (8) $ 4) $25,000 $1 Class B-3 $ 4,332,000 30-B-4 4,376,000 (8) $ 4) $25,000 $1 Class B-4 $ 2,311,000 30-B-5 3,580,000 (8) $ 4) $25,000 $1 Class B-5 $ 2,599,000 30-B-6 3,581,380 (8) $ 4) $25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1------------

PRELIMINARY STATEMENT. The Depositor is intends to sell pass-through certificates (collectively, the owner of “Certificates”), to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in the Trust Fund that is hereby conveyed to created hereunder. The Certificates will consist of eleven classes of certificates, designated as (i) the Trustee in return for Class A-1 Certificates, (ii) the Class A-2 Certificates, (iii) the Class A-3 Certificates, (iv) the Class A-4 Certificates, (v) the Class A-R Certificate, (vi) the Class B-1 Certificates, (vii) the Class B-2 Certificates, (viii) the Class B-3 Certificates, (ix) the Class B-4 Certificates, (x) the Class B-5 Certificates and (xi) the Class B-6 Certificates. The Trust Fund is being conveyed to the Trustee to create a trust for the benefit of the Certificateholders. The Trust Fund for For federal income tax purposes will consist purposes, the Trust Fund (exclusive of the Additional Collateral) is comprised of two REMICsREMICs in a tiered REMIC structure – the lower tier REMIC (the “Lower Tier REMIC”) and the upper tier REMIC (the “Upper Tier REMIC”). The Lower-Lower Tier REMIC will consist of hold as its assets all of the assets constituting the Trust Fund (other than exclusive of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution AccountAdditional Collateral) and will be evidenced by issue interests (the Lower-“Lower Tier REMIC Regular Interests Interests”) (which will be uncertificated and will represent the "regular interests" interests in the Lower-Lower Tier REMIC) and a residual interest (the “Class LR Interest as LT-R Interest”) which will also be uncertificated and which will represent the single "sole class of residual interest" interest in the Lower-Lower Tier REMIC. The Trustee will hold the Lower-Lower Tier REMIC Regular InterestsInterests as assets of the Upper Tier REMIC. The UpperCertificates, other than the Class A-Tier REMIC R Certificate, will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof represent “regular interests” in the Distribution Account Upper Tier REMIC, and will be evidenced by the Regular Certificates (Class A-R Certificate, which will represent the "regular interests" sole class of “residual interest” in the Upper-Upper Tier REMIC) and REMIC as well as ownership of the Class UR Interest as the single "residual interest" LT-R Interest. For purposes of the Upper-Tier REMICREMIC Provisions, the startup day is the Closing Date. The "latest possible maturity date" for federal income tax purposes of all All REMIC regular and residual interests created hereby will be retired on or before the Latest Possible Maturity Date. The following table sets forth characteristics irrevocably specifies the Class designation, interest rate, principal amount and Corresponding Classes of Certificates for each class of Lower Tier Regular Interests and the Certificates, together with the minimum denominations Class designation and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Corresponding Class of Certificates may be issued in a different amount): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASSfor the Class LT-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM --------------- ------------ ------------ ------------ Class R Interest: LTA-1 (1-) $ 2,417,301.98 Classes A-1 $ 228,683,000 6.00% $ 25,000 $1 Class & A-R(1R Group 1 LTA-2 (2) $ 100 6.00% 730,126.94 Class A-2 Group 2 LTA-3 (3) $ 100 1,901,804.51 Class A-3 Group 3 LTA-4 (4) $ 145,254.88 Class A-4 Group 4 LT-SC-4 (5) $ 4,364.88 Classes B-1 – B-6 Group 4 LT-Q (5) $ 514,098,496.03 N/A N/A Class 2LT-A-1 $ 92,906,000 5.00% $ 25,000 $1 Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $1 Class 4-A-1 $ 62,561,000 6.50% $ 25,000 $1 Class 5-A-1 $ 14,495,000 5.50% $ 25,000 $1 Class 6-A-1 $ 30,282,000 6.00% $ 25,000 $1 Class 6-A-2 $ 7,778,000 6.00% $ 25,000 $1 Class 6-A-3 $ 3,526,000 6.00% $ 25,000 $1 Class 6-A-4 $ 2,627,000 6.00% $ 25,000 $1 Class 6-A-IO (2) 6.00% $ 100,000 $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 Class 15-A-X (4) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X R (6) 6.50% $ 25,000 $1 N/A Class 30A-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1R N/A __________________

PRELIMINARY STATEMENT. The Depositor is the owner of the Trust Fund that is hereby conveyed to the Trustee in return In exchange for the Certificates. The , the Depositor hereby conveys the Trust Fund is being conveyed Estate to the Trustee to create a trust for the benefit of the CertificateholdersTrust. The Trust Fund Estate for federal income tax purposes will consist of two REMICs. The be treated as three separate real estate mortgage investment conduits (the "Upper-Tier REMIC," "Middle-Tier REMIC" and "Lower-Tier REMIC will consist of all of the assets constituting the Trust Fund REMIC," respectively, and each, a "REMIC"). The Certificates (other than the Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates) are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Middle-Tier Interests shall constitute the "regular interests" in the Middle-Tier REMIC. The Uncertificated Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account) and will be evidenced by the Lower-Tier REMIC Regular Interests (which will be uncertificated and will represent shall constitute the "regular interests" in the Lower-Tier REMIC) . The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC, the Class 1-A-MR Certificate shall be the "residual interest" in the Middle-Tier REMIC and the Class 1-A-LR Interest as Certificate shall be the single "residual interest" in the Lower-Tier REMIC. The Trustee will hold Certificates, the Uncertificated Lower-Tier REMIC Regular Interests. The UpperInterests and the Uncertificated Middle-Tier REMIC will consist of the Lower-Tier REMIC Regular Interests and proceeds thereof in the Distribution Account and will be evidenced by the Regular Certificates (which will represent the "regular interests" entire beneficial ownership interest in the Upper-Tier REMIC) and the Class UR Interest as the single "residual interest" of the Upper-Tier REMICTrust. The "latest possible maturity date" for federal income tax purposes of all interests created hereby will be the Latest Possible REMIC Certificate Maturity Date. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such the Classes of Certificates shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amountany amount in excess of the minimum denomination, but less than the integral multiple in excess of the minimum): INITIAL CLASS INTEGRAL PRINCIPAL INITIAL MULTIPLES BALANCE OR PASS-THROUGH MINIMUM IN EXCESS OF NOTIONAL AMOUNT RATE DENOMINATION MINIMUM ================= ================= ========== =============== ============ Initial Class Integral Certificate Balance Pass- Multiples in or Notional Through Miminum Excess of Classes Amount Rate Denomination Minimum ----------------- ----------------- ---------- --------------- ------------ ------------ ------------ Class 1-A-1 $ 228,683,000 6.00% $ 25,000 $125,078,000.00 (1) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 1-A-R(1R $50.00 (1) $ 100 6.00% $ 100 $50 N/A ----------------- ----------------- ---------- --------------- ------------ Class 1-A-MR $25.00 (1) $25 N/A ----------------- ----------------- ---------- --------------- ------------ Class 1-A-LR $25.00 (1) $25 N/A ----------------- ----------------- ---------- --------------- ------------ Class 2-A-1 $ 92,906,000 5.00% $ $64,211,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-2 $27,972,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-3 $48,197,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-4 $35,741,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-5 $36,212,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-6 $99,000,000.00 (2) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-7 $300,000,000.00 (3) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 2-A-IO $311,333,000.00 (4) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 3-A-1 $ 58,512,000 7.00% $ 25,000 $195,558,000.00 (5) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 3-A-2 $6,465,000.00 (5) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 4-A-1 $ 62,561,000 6.50% $ $42,771,000.00 (6) $1,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class B-1 $12,673,000.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 5-A-1 $ 14,495,000 5.50% $ B-2 $8,616,000.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 6-A-1 $ 30,282,000 6.00% $ B-3 $4,561,000.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 6-A-2 $ 7,778,000 6.00% $ B-4 $2,027,000.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 6-A-3 $ 3,526,000 6.00% $ B-5 $1,521,000.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 6-A-4 $ 2,627,000 6.00% $ B-6 $3,041,096.00 (7) $25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 6-A1-IO $129,213,120.01 (2) 6.00% $ 100,000 8) $1 Class 6-A-PO $ 86,960 (3) $ 100,000 $1 Class 7-A-1 $ 39,023,000 7.00% $ 25,000 $1 ----------------- ----------------- ---------- --------------- ------------ Class 152-A-X IO $631,543,065.69 (49) 6.00% $ 100,000 $1 Class 15-PO $ 572,366 (5) $ 100,000 $1 Class 30-A-X (6) 6.50% $ 25,000 $1 Class 30-PO $ 1,924,413 (7) $ 25,000 $1 Class B-1 $ 15,884,000 (8) $ 25,000 $1 Class B-2 $ 7,220,000 (8) $ 25,000 $1 Class B-3 $ 4,332,000 (8) $ 25,000 $1 Class B-4 $ 2,311,000 (8) $ 25,000 $1 Class B-5 $ 2,599,000 (8) $ 25,000 $1 Class B-6 $ 2,312,102 (8) $ 25,000 $1----------------- ----------------- ---------- --------------- ------------